opportunity cost

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opportunity cost

n. Economics
The net value or utility of the most desirable alternative to a projected course of action.

opportunity cost

n
(Economics) economics the benefit that could have been gained from an alternative use of the same resource

opportunity cost

The benefit that is sacrificed by choosing one course of action rather than the next best alternative, e.g. the opportunity cost sacrificed in building a road might be use of the land for farming.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.opportunity cost - cost in terms of foregoing alternatives
cost - the total spent for goods or services including money and time and labor
capital cost, cost of capital - the opportunity cost of the funds employed as the result of an investment decision; the rate of return that a business could earn if it chose another investment with equivalent risk
carrying cost, carrying charge - the opportunity cost of unproductive assets; the expense incurred by ownership
References in periodicals archive ?
Each movement incurs a fee which fund managers are not obliged to include on total expense ratio reports - hence the hidden cost.
But Singer and Mason uncover the high and hidden cost of cheap chicken (and eggs and milk) when they take us behind the meat and dairy counters to factory farms that no agribusiness representative wants anyone to see.
The study reveals that while different farms use different amounts of family labour, it is still a hidden cost.
The big hidden cost for service members, of course, is that they may go to war and die," says Houppert.
There can also be a hidden cost for each scan, of between $1,100 and $3,500, borne by the U.
One far-reaching hidden cost of the new accountability has been the time that teachers have to spend talking with and listening to students regarding non-school related topics.
Because Sears tries to maintain a constant flow of goods from manufacturers through Sears' distribution centers to the end consumer, home delivery represented the greatest number of hidden cost challenges, Wahl reported.
Another hidden cost exists here because some personnel must also be trained to use the additional software.
uk, insists the hidden cost to the economy in terms of stress and high staff turnover is even greater.
One hidden cost involves servicing the assets and receivables, which is of critical importance.
Unlike the initial site-development costs, intensive landscapes entail a hidden cost, since they require additional, continued maintenance.
The discovery by MTA chief Julian Burke of at least $62 million in hidden cost overruns on the Hollywood subway project came as no surprise Friday to Leroy Graw, a former manager of MTA contracts.