Some articles on opportunity costs, cost, costs, opportunity cost:
... Sustainable value is based on the notion of opportunity costs ... Opportunity costs are used in financial markets to calculate the cost of capital ... In financial markets, the cost of using € 100 over the course of one year is determined by the return that could have been generated through an alternative investment of the capital ...
... costly in two different dimensions Project costs – For every month of delay, the project team continues to rack up costs and expenses ... When a large part of the development team has been outsourced, the costs will start to add up quickly and are very visible if contracted on a time and materials basis (T M) ... For internal resources, the costs of delays are not as readily apparent, unless time spent by resources is being tracked against the project, as labor ...
... The example used above (which demonstrates increasing opportunity costs, with a curve concave from the origin) is the most common form of PPF ... moving from point B to point D), the opportunity cost of producing that product increases, because we are using more and more resources that are less efficient in producing it ... transferred into making more butter, and moving these workers has little impact on the opportunity cost of increasing butter production the loss in gun production will be small ...
Famous quotes containing the words costs and/or opportunity:
“When over Catholics the ocean rolls,
They must wait several weeks before a mass
Takes off one peck of purgatorial coals,
Because, till people know whats come to pass,
They wont lay out their money on the dead
It costs three francs for every mass thats said.”
—George Gordon Noel Byron (17881824)
“We either praise or blame according to whether the one or the other provides the greater opportunity to let our power of judgment shine.”
—Friedrich Nietzsche (18441900)