The cost of choosing one course of action over another. Letting your second best option pass.
Economists tend to measure opportunity cost in terms of money for simplicity's sake. However value isn't always monetary.
Economists tend to measure opportunity cost in terms of money for simplicity's sake. However value isn't always monetary.
At the restaurant, you are presented with a desert menu. Assuming that you only eat one desert, you have the choice between chocolate mouse, ice cream and honey crepes. Let's say you prefer ice cream to chocolate mouse, but honey crepes are your favorite. If you eat a honey crepe, ice cream (which would have chosen had you not had crepes) is your opportunity cost.
Another example would be if two women that you fancied, Sarah and Alice, asked you out and you said yes to Sarah (assuming monogamy), going out with Alice is your opportunity cost.
Another example would be if two women that you fancied, Sarah and Alice, asked you out and you said yes to Sarah (assuming monogamy), going out with Alice is your opportunity cost.
by anthonylebrun November 3, 2008
Get the opportunity cost mug.A person willing to befriend any person regardless of race, creed, gender, sexuality or socioeconomic status in the relationship benefits them directly or indirectly by improving their public image. A pure opportunist may be a sociopath, if not they will possess sociopathic qualities. They are not to confused with a scammer or charlatan whose purpose in the moment is a singular task and is not concerned with allegations or their reputation. The opportunist always plays the long-con even if the actions are not scandalous it is still a con due to the fact the motivation is to always position one self to be able to capitalize on any future unforeseen opportunities without attracting suspicion. The opportunist is a illusionist and a mechanic who has a deck full of trump cards and can deal off the boom of the deck.
The man is a master opportunist, he got me an undeserved promotion then pressured me into unethical behavior as a favor, reported my actions and the company was vilified in the media while he purchased the closest competitor before the mews broke and cornered the market.
by CocoChavez August 7, 2019
Get the Opportunist mug.Related Words
OPP
• Opposite Day
• oppa
• Oppenheimer
• Opportunist
• oppy
• oppo
• Opportunity
• oppai
• opporchancity
this is a weaponized vehicle in gta online used by 2 types of people little kids whos use there moms credit card on shark cards to buy it and laugh at killing you every 10 seconds or some modder who cheats to get money to buy it and keep killing you to get his KD up
by arthur morgan 1899 December 20, 2021
Get the oppressor mk II mug.by roseenriquez_ November 18, 2018
Get the Pantene Oppa mug.A Spanish down-syndrome teenager who thought he could really knock out the goat (Arshvin Jackson). But later, news announces he was beaten to death by the goat resulting in several injuries.
Legends reveal the knowledge which hides beneath his head.
Legends reveal the knowledge which hides beneath his head.
by Paramaragan October 15, 2022
Get the Heartly Oppong mug.by Telephony September 26, 2010
Get the piddle opposite of "on" mug.by Venus hyung~ March 10, 2018
Get the oppa mug.