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Silly question

Posted: Thu Aug 14, 2014 2:49 pm
by taterarpit
i was reading opportunity cost and a question clicked....opportunity cost is the cost of the project which was not selected so if we have more than two projects , in that case opportunity cost would be the sum of both the project not selected or opportunity cost is just considered when we have only two projects to select from?

Re: Silly question

Posted: Thu Aug 14, 2014 4:53 pm
by namita
Opportunity talks about alternative and alternative can be one... its The profit foregone by selecting one alternative over another

Now if we have 3 projects say A, B and C, and we decided to select A then we need to see 2 things

Out of B & C which one would have given more importance if A would not have selected... and that will become opportunity cost

If in case both are exactly equivalent ( its almost impossible) in that case I suppose we can take with higher value as opportunity cost

Re: Silly question

Posted: Fri Aug 15, 2014 12:53 am
by saket
Old thread on same topic can be found here...

viewtopic.php?f=10&t=1067&p=3666

I have done some changes in search settings now the search feature of this forum should work more effectively. Just searching opportunity will give threads related to it.

Re: Silly question

Posted: Sat Aug 16, 2014 2:26 pm
by taterarpit
Thanks a lot Namitha....

Re: Silly question

Posted: Mon Aug 18, 2014 1:32 pm
by namita
Welcome..

BTW no question is silly :)