Constant opportunity cost

Constant opportunity cost,

Definition of Constant opportunity cost:

  1. A steady potential price to a business that occurs when a company does not take advantage of a feasible chance to earn profits. An example of a constant opportunity cost would be if funds and resources were allocated to one project, but could have been allocated to a second project instead. The opportunity cost would be the potential value of the second project to the company.

Meaning of Constant opportunity cost & Constant opportunity cost Definition