opportunity cost
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
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implied cost
cost value logic
economic analysis
economic price
income approach
increasing opportunity cost
marginal rate of transformation
normal profit
number of days of inventory on hand
price of non quality (PONQ)
shadow price
rate of return rule
tradeoffs
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Austrian School of Economics
cost value logic
economic analysis
economic price
income approach
increasing opportunity cost
marginal rate of transformation
normal profit
number of days of inventory on hand
price of non quality (PONQ)
shadow price
rate of return rule
tradeoffs
transfer cost
alternative cost
Austrian School of Economics
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