Matches in DBpedia 2016-04 for { ?s ?p "In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, where a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the \"cost\" incurred by not enjoying the benefit that would be had by taking the second best choice available. The New Oxford American Dictionary defines it as \"the loss of potential gain from other alternatives when one alternative is chosen\"."@en }
Showing triples 1 to 1 of
1
with 100 triples per page.
- Opportunity_cost comment "In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, where a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the \"cost\" incurred by not enjoying the benefit that would be had by taking the second best choice available. The New Oxford American Dictionary defines it as \"the loss of potential gain from other alternatives when one alternative is chosen\".".