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asked Oct 20, 2018 123k views

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What is an opportunty cost?

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Giles Thompson asked

by Giles Thompson

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the definition of Opportunity cost is - The loss of potential gain from other alternatives when one is chosen.

Lgiro answered Oct 22, 2018

by Lgiro

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the loss of potential gain from other alternatives when one alternative is chosen: "idle cash balances represent an opportunity cost in terms of lost interest"

Sahil Sonawane answered Oct 24, 2018

by Sahil Sonawane

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What is an opportunty cost?

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