Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.

The White House has released a booklet called “The Opportunity Costs of Socialism,” and it purports to show that wait times under socialist health care systems are far higher than they are in the good ...

Costing is often a very confusing and frustrating topic with its standard costs, variable costs, fixed costs, marginal costs, budgeted costs, actual costs, relevant costs, etc. Why compound the ...

Broad majorities of Americans say college simply costs too much and doesn’t provide enough benefits to be worth the effort — ...

When we choose to spend $10 more than usual for a bottle of wine, we'll have $10 less to spend on an appetizer, a dessert, or ten songs on iTunes. That's known as the "opportunity cost" of that choice ...

Opportunity cost is the highest-valued alternative we give up when we make a choice. Marrying Sue means not marrying Jane. Going to the gym means not reading a book or watching TV. (Although, I’ve ...

In making an important decision, most people consider pros and cons but are less likely to consider another key factor: opportunity cost. That refers to what you could otherwise do with the time or ...

Project Billboard and the Center for American Progress have released a major new analysis of the cost of the Iraq war, detailing exactly how the $144.4 billion pledged to date could have been spent on ...

The second half of the 2020s alters the course of human civilization. The hockey-stick curve of artificial intelligence development — beginning with the 2022 rollout of ChatGPT — delivers what ...

Impact on Education funded this and 12 other classrooms for rising kindergarteners in Boulder Valley School District's Summer Summit program. Courtesy: Impact on Education In Boulder County, the ...