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单词 opportunity cost
释义

Examplesofopportunity cost

opportunity cost
As, for example, the real wage rate rises theopportunitycostof leisure increases.
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Opportunitycostis measured in the number of units of the second good forgone for one or more units of the first good.
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Opportunitycostis a key concept in economics, and has been described as expressing the basic relationship between scarcity and choice.
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Therefore, the transfer of money (immediately after each transaction) increased theopportunitycostof trading.
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When theopportunitycostis lower, the immigration rates tend to be higher.
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These figures exclude theopportunitycostattributable to land that becomes unavailable for private use.
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As production increases, theopportunitycostdoes as well.
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Street length increases costs proportionately while street area represents anopportunitycostof land unavailable for development.
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The prevailing opinion was that theopportunitycostcould not be applied outside of cases of limited resources.
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Total cost in economics includes the totalopportunitycostof each factor of production as part of its fixed or variable costs.
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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.
#https://dictionary.cambridge.org//dictionary/english/opportunity-cost##
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更新时间:2024/12/28 1:44:44