But is learning moderately good Chinese worth th opportunity cost in a sentence Still, there's a cost in that absence of effort, an opportunity cost. The opportunity cost is having the electricity turned off, having to pay an activation fee and late charges. The real cost approach has been largely superseded by the opportunity cost approach to international trade. opportunity definition: The definition of an opportunity is an favorable situation for a positive outcome. It is "the loss of potential gain from other alternatives when one alternative is chosen". Examples of lost opportunity in a sentence, how to use it. The opportunity cost is time spent studying and that money to spend on something else. This crucial economic notion of opportunity cost appears prominently in fiction. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment). Since every resource (land, money, time, etc.) An opportunity cost is the value of the best alternative to a decision. A commuter takes the train to work instead of driving. 3. An opportunity cost is the cost of not being able to do other things with time and resources because of doing the chosen activity. The opportunity cost approach is the one typically used in the valuation of voluntary labour time. Opportunity cost is one of those terms that economists love to toss about the place. opportunity costs in a sentence - Use "opportunity costs" in a sentence 1. - This may constitute a lost… Opportunity cost is often used by investors to compare investments, but the concept can be applied to many different scenarios. The opportunity cost of holding money rather than buying bonds or some other interest-bearing asset is the nominal interest that would otherwise be earned. Opportunity cost is one way to measure the cost of something. 3. In other everyday decisions, the opportunity cost … Opportunity cost definition: the benefit that could have been gained from an alternative use of the same resource | Meaning, pronunciation, translations and examples
Opportunity cost is vital in understanding microeconomics and decisions that are made. You might also have food in the fridge that … Sentence Examples The result of this is that any such marginal parcel of land will be sold at the market price determined by the opportunity cost of land. Definition of Opportunity cost a benefit or profit that must be given up in order to gain something else Examples of Opportunity cost in a sentence My mother explained she could not buy two snacks and that popcorn would be our opportunity cost if we chose to get candy. can be put to alternative uses, every action, choice, or decision has an associated opportunity cost. The approach recognizes a number of components of opportunity cost and relative disutility.
The real cost approach has been largely superseded by the opportunity cost approach to international trade. Opportunity cost definition is - the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (such as another use of the same resources or an investment of equal risk but greater return).

2. You decide to spend $80 on some great shoes and do not pay your electric bill. ‘idle cash balances represent an opportunity cost in terms of lost interest’ More example sentences ‘On the other hand, the lower yield curve also implies a lower opportunity cost of waiting to invest, due to the lower short-term rate.’ Not worth the opportunity cost of developing something else for the community. 2. 52 sentence examples: 1. It sounds complicated, but opportunity cost is a really simple concept. Decision Making What is an Opportunity Cost? But is learning moderately good Chinese worth th Opportunity cost is the value of the next best thing you give up whenever you make a decision.