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Opportunity definition: . See examples of OPPORTUNITY used in a sentence.
Opportunity cost is the trade-off that one makes when deciding between two options. The example of choosing between catching rabbits and gathering berries illustrates how opportunity cost works. The related concept of marginal cost is the cost of producing one extra unit of something. Created by Sal Khan. Questions.
Definition of Opportunity in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Jun 27, 2024 · Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. Stated differently, an opportunity cost represents an alternative given up ...
The meaning of OPPORTUNITY is a favorable juncture of circumstances. How to use opportunity in a sentence.
The opportunity cost definition states that the opportunity cost is the potential benefits that a person loses when he chooses a substitute over another. What are the examples of opportunity cost? The examples are: A person gives up on going to play outside and study for the test so that he gets good marks, at an ice cream parlour, you have to choose between Belgian chocolate or cream and cookies.
Synonyms for OPPORTUNITIES: chances, openings, room, occasions, ways, shots, breaks, plays, passes, junctures
