Opportunity cost (机会成本)

Opportunity cost (机会成本 jīhuì chéngběn) refers to the loss or cost from giving up an alternative opportunity when one plan is chosen.

  • (jī) as in machine (机器 jīqì), mobile phone (手机 shǒujī) or airplane (飞机 fēijī); (huì) as in meeting (会议 huìyì), society (社会 shèhuì) or appointment (约会 yuēhuì). 机会 (jīhuì) means oppurtunity.
  • (chéng) as in succeeding (成功 chénggōng), become (成为 chéngwéi) or growing up (成长 chéngzhǎng); (běn) as in original (本来 běnlái). 成本 (chéngběn) means cost, as in fixed cost (不变成本 búbiàn chéngběn).
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