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Definition of Opportunity cost
1. Noun. Cost in terms of foregoing alternatives.
Specialized synonyms: Capital Cost, Cost Of Capital, Carrying Charge, Carrying Cost
Definition of Opportunity cost
1. Noun. (economics) The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Opportunity Cost
Literary usage of Opportunity cost
Below you will find example usage of this term as found in modern and/or classical literature:
1. Medicare and Graduate Medical Education by James Baumgardner (1995)
"The opportunity cost of being a physician is calculated by considering the income
... In addition, the total opportunity cost includes the direct costs of ..."
2. Introduction to Economics by John Roscoe Turner (1919)
"Kinds of opportunity cost. 14. Past cost and present supply: present cost and
future supply. 15. Selling below cost. 16. Joint-cost. 17. ..."
3. Introduction to Economics by John Roscoe Turner (1919)
"Kinds of opportunity cost. 14. Past cost and present supply: present cost and
future supply. 15. Selling below cost. 16. Joint-cost. 17. ..."
4. Investing in Biological Diversity: The Cairns Conference : Proceedings of by OECD Staff (1997)
"This marginal opportunity cost ("MOC"; see McNeely, 1988) of carrying out forestry
production rather than biodiversity protection in an area is equal only ..."
5. Value and Distribution: A Critical and Constructive Study by Herbert Joseph Davenport (1908)
"In this last sense, also, there is room for argument for the establishment of an
investment-opportunity or product- opportunity cost with reference to rent ..."
6. Value and Distribution: A Critical and Constructive Study by Herbert Joseph Davenport (1907)
"In this last sense, also, there is room for argument for the establishment of an
investment-opportunity or product- opportunity cost with reference to rent ..."
7. Principles of Economics by Fred Manville Taylor (1913)
"When a land owner can rent a certain piece of ground for pasture at $130 a year
and I want it for a golf ground, then $130 is the opportunity cost of ..."
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