opportunity cost

English - Turkish

Definition of opportunity cost in English Turkish dictionary: fırsat maliyeti; (Ekonomi) Gölge maliyeti; Alternatif maliyet, gölge maliyet
opportunity cost ratio: (Ticaret) fırsat maliyeti oranı
increasing opportunity cost: artan fırsat maliyeti
opportunity costs: fırsat maliyeti
potential opportunity cost: potansiyel fırsat maliyeti
relative opportunity cost: (Ticaret) nispi fırsat maliyeti

English - English

Definition of opportunity cost in English English dictionary: The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative
Thanks to business school, I can understand how I've actually paid for this time at home with my family—the opportunity cost of my time, my forgone income, etc.; (Ekonomi) The loss of other alternatives when one alternative is chosen; Opportunity cost is value of the best alternative given up when making a choice There is an opportunity cost to every choice; The benefit foregone from not using a good or resource in its best alternative use Opportunity cost measured at economic prices is the appropriate value to use in project economic analysis for valuing nonincremental outputs and incremental inputs; cost in terms of foregone alternatives; The cost of using a resource in one enterprise when it could be used in alternative enterprises or investment opportunities measured by the return that could be obtained from using the resource in the alternative in investment For example, if cash used in crop production could be placed in the bank at a 10% rate of interest the opportunity cost of cash to the crop would be 10%; the value of the next-best forgone alternative that was not chosen because something else was chosen (chapters 1, 2 and 20); The cost associated with opportunities that are foregone by not putting the firm's resources to their highest valued use It relates to downtime in that companies are not only paying users' wages for non-productivity during server downtime, but also forego earnings that those users would otherwise be generating In terms of storage management, opportunity cost refers to the time spent by users managing their own storage when they should be doing their assigned tasks; The potential benefit that is foregone from not following the best (financially optimal) alternative course of action; The return from the use of an asset or resource in the next best alternative that is foregone by virtue of its actual use; Resource use options that are given up as a consequence of pursuing one activity among several possibilities Potential benefits foregone as a result of choosing an alternative course of action; The value of resources used in a consumption or production activity if they had been used in the next best alternative instead The opportunity cost is essentially what must be forgone in order to consume or produce a particular good or service; the next best alternative that is given up when a choice is made; The net cost of a forgone opportunity, taking into account the benefits and costs of both the opportunity seized and the opportunity forgone for the period of analysis; is widely used in business planning in evaluating capital investment A company measures the projected return against the anticipated return it would receive on a highest yielding alternative investment that contains a similar risk profile; The minimum value of the benefits foregone or given up due to the effect of choosing another management alternative that either impacts existing outputs or shifts resources away from other activities so that they are no longer produced and their benefits are lost; The highest price or rate of return an alternative investment would provide In security investing, it is the cost of forgoing a safe, generally fixed return, for the opportunity of realizing a higher level of profit; When a decision is made from a range of choices, the second best choice not taken is the opportunity cost Limited resources require people to make choices between alternatives; The best alternative sacrificed to have or to do something else; - The value of the best alternative to a given choice, or the value of resources in their next best use In regard to time, the opportunity cost of time spent on one activity is the value of the best alternative activity that the person might engage in at that time; refers to the net benefit forgone because the resources providing the service can no longer be used in their next most beneficial use; The value of the benefit that is given up by selecting one alternative instead of another p 339; the cost of a resource, measured by the value of the next-best, alternative use of that resource; The best foregone alternative For example, there is a high opportunity cost of a subsistence farmer in Ghana to change to exporting manufactured goods, because they would not have either the capacity or resources to do so; In economic terms, the opportunities forgone in the choice of one expenditure over others. For a consumer with a fixed income, the opportunity cost of buying a new dishwasher might be the value of a vacation trip never taken or several suits of clothes unbought. The concept of opportunity cost allows economists to examine the relative monetary values of various goods and services; The value of a benefit sacrificed in favour of an alternative course of action, i e the net revenue between that actually obtained and the maximum achievable from any of the possible uses of the relevant resources For example, there is an opportunity cost associated with using re-cycled paper; the value of the best alternative use of a resource This consists of the maximum value of other outputs we could and would have produced had we not used the resource to produce the item in question [GBA]; (Ticaret) The amount of income lost as a result of not choosing the best alternative from a group of investment choices