| 词汇 | opportunity-cost |
| 释义 | opportunity cost noun[ C or U ] ukus ACCOUNTING, FINANCE the value of the action that you do not choose, when choosing between two possible options: If we do take on the project, we need to think about the opportunity costs involved. The opportunity cost of studying at university for three years is the three years of pay that you do not earn during that time. Examples of opportunity costopportunity cost As, for example, the real wage rate rises the opportunitycost of leisure increases. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Opportunitycost is measured in the number of units of the second good forgone for one or more units of the first good. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Opportunitycost is a key concept in economics, and has been described as expressing the basic relationship between scarcity and choice. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Therefore, the transfer of money (immediately after each transaction) increased the opportunitycost of trading. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. When the opportunitycost is lower, the immigration rates tend to be higher. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These figures exclude the opportunitycost attributable to land that becomes unavailable for private use. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. As production increases, the opportunitycost does as well. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Street length increases costs proportionately while street area represents an opportunitycost of land unavailable for development. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The prevailing opinion was that the opportunitycost could not be applied outside of cases of limited resources. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Total cost in economics includes the total opportunitycost of each factor of production as part of its fixed or variable costs. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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