In this way, you are able to make more accurate economic decisions. What is the opportunity cost of a decision example? On the night before an exam, a student spends three hours and $20 at the movies.

If you choose one alternative over another, the opportunity cost is something that you forfeit. Opportunity costs are taken into account by small businesses when determining a bid or estimate of a job ...

It’s an everyday example of what advisers call “opportunity cost” — the difference between the money spent and what could have happened with that money. Instead of chips and a Coke ...

An opportunity cost is the theoretical cost of a business decision that was passed up for an alternative. For example, a company may opt to buy a new piece of manufacturing equipment rather than ...