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  2. Production–possibility frontier - Wikipedia

    en.wikipedia.org/wiki/Production–possibility...

    In the context of a PPF, opportunity cost is directly related to the shape of the curve (see below). If the shape of the PPF curve is a straight-line, the opportunity cost is constant as the production of different goods is changing. But, opportunity cost usually will vary depending on the start and end points.

  3. Guns versus butter model - Wikipedia

    en.wikipedia.org/wiki/Guns_versus_butter_model

    The production possibilities frontier (PPF) for guns versus butter. Points like X that are outside the PPF are impossible to achieve. Points such as B, C, and D illustrate the trade-off between guns and butter: at these levels of production, producing more of one requires producing less of the other. Points located along the PPF curve represent ...

  4. Opportunity cost - Wikipedia

    en.wikipedia.org/wiki/Opportunity_cost

    In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, ...

  5. What is Opportunity Cost? - AOL

    www.aol.com/news/2013-04-01-financial-literacy...

    Opportunity cost is also often defined, more specifically, as the highest-value opportunity forgone. So let's say you could have become a brain surgeon, earning $250,000 per year, instead of a ...

  6. What Is Opportunity Cost? How To Use It To Boost Side Gig ...

    www.aol.com/opportunity-cost-boost-side-gig...

    To help, here’s a loose formula. Opportunity Cost=FO-CO. To maximize your side gig earning potential, you should use this formula when choosing one over another. See where you can save and then ...

  7. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    It measures what an additional unit of one good costs in units forgone of the other good, an example of a real opportunity cost. Thus, if one more Gun costs 100 units of butter, the opportunity cost of one Gun is 100 Butter. Along the PPF, scarcity implies that choosing more of one good in the aggregate entails doing with less of the

  8. Reduced cost - Wikipedia

    en.wikipedia.org/wiki/Reduced_cost

    In linear programming, reduced cost, or opportunity cost, is the amount by which an objective function coefficient would have to improve (so increase for maximization problem, decrease for minimization problem) before it would be possible for a corresponding variable to assume a positive value in the optimal solution.

  9. Costco executive warns of price hikes because of Trump ... - AOL

    www.aol.com/costco-executive-warns-price-hikes...

    A top Costco executive sounded the alarm on the potential consequences of President-elect Donald Trump’s proposed tariffs — warning that it will raise prices of goods across the board. “When ...