Uncover the meanings of Opportunity cost with AI assistance, exploring its pronunciation, meaning, synonyms, and phonetic transcription.
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Pronounce Opportunity cost as OW P P OW R T UW N IY T Y K OW S T.
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Continue readinga benefit or profit that must be given up in order to gain something else
opportunity cost(noun)cost in terms of foregoing alternatives
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1. My mother explained she could not buy two snacks and that popcorn would be our opportunity cost if we chose to get candy.
2. Being able to spend their own earned money is an opportunity cost given up by some housewives.
3. Samantha looks at the money should would save living in a cheaper place as the opportunity cost of owning a nice home.
4. We can only go on one vacation this summer, so a trip to the mountains was ruled an opportunity cost when went to Disney World.
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