Cryptocurrency Q&A
What is the missed opportunity cost?
What is the missed opportunity cost?
MountFujiMysticalView
Fri Jan 24 2025
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5
answers
1098
I'm trying to understand the concept of missed opportunity cost. Could someone explain what it means and how it affects decision-making in business or personal finance?
5 answers
KatanaSharpened
Sun Jan 26 2025
Opportunity costs represent the profits that a company or individual fails to achieve.
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NebulaSoul
Sun Jan 26 2025
These costs reflect the potential earnings lost due to choosing one course of action over another.
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CryptoTitan
Sun Jan 26 2025
Essentially, opportunity cost can be seen as the benefit forgone by not selecting the alternative with the highest potential return.
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Bianca
Sat Jan 25 2025
The concept of missed contribution margin is closely related to opportunity costs. It represents the net revenue lost after accounting for the variable costs that were avoided.
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Federico
Sat Jan 25 2025
In other words, it's the difference between the potential revenues that could have been generated and the variable costs that were not incurred.
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