what is opportunity cost?
Definition of opportunity cost. : the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (such as another use of the same resources or an investment of equal risk but greater return)
Legal Definition of opportunity cost. : the cost of making an investment that is the difference between the return on one investment and the return on an alternative.
Define opportunity cost: the added cost of using resources (as for production or speculative investment) that is the difference between the actualâ¦ the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting fromâ¦