3 ms·
If you already employed the engineers the extra cost would have been $0.
by galleywest200 3mo ago
If you already employed the engineers the extra cost would have been $0.
- minimaxir 3mo agohttps://en.wikipedia.org/wiki/Opportunity_cost https://en.wikipedia.org/wiki/Opportunity_cost
- bigstrat2003 3mo agoOpportunity cost is not a real cost. No money leaves your bank account. It is a decision making tool, and treating it as an actual financial cost is a misuse of the idea.
- steve_adams_86 3mo agoIt’s literally the price of lost opportunities. It’s not understood to be a financial cost. It’s exactly what it says on the tin. Lost opportunities may not be a financial cost, but they’re certainly a cost.
- raincole 3mo agoOpportunity cost isn't just a real cost. It's THE real cost.