Questions tagged [opportunity cost]

Dario Mon Jan 06 2025 | 7 answers 1052

I'm trying to remember the other name for opportunity cost. It's that economic concept where you give up something to get something else. What's it also called?

CryptoWanderer Mon Jan 06 2025 | 7 answers 1395

I'm trying to understand the concept of hidden opportunity cost. I know opportunity cost refers to the value of the next best alternative when a choice is made, but what does 'hidden' opportunity cost mean in this context?

Martino Mon Jan 06 2025 | 6 answers 1310

I want to understand the concept of opportunity cost, but I need it to be explained in simple and easy-to-understand words.

HanjiArtistryCraftsmanship Mon Jan 06 2025 | 6 answers 799

I'm trying to understand whether opportunity cost is considered a positive or negative aspect in economic decisions. I want to know if it's seen as a beneficial factor or a detrimental one.

charlotte_bailey_doctor Mon Jan 06 2025 | 0 answers 0

I'm trying to understand the concept of opportunity cost and its opposite. Specifically, I want to know what term or concept represents the opposite of opportunity cost in economic decisions.