{"id":1611,"date":"2019-02-08T18:21:54","date_gmt":"2019-02-08T08:21:54","guid":{"rendered":"http:\/\/petaguy.info\/blog\/?post_type=glossary&#038;p=1611"},"modified":"2019-02-08T18:24:36","modified_gmt":"2019-02-08T08:24:36","slug":"opportunity-cost","status":"publish","type":"glossary","link":"http:\/\/petaguy.info\/blog\/glossary\/opportunity-cost","title":{"rendered":"Opportunity Cost"},"content":{"rendered":"<p><span style=\"font-size: 8pt;\">In <a title=\"Microeconomics\" href=\"https:\/\/en.wikipedia.org\/wiki\/Microeconomics\">microeconomic theory<\/a>, the <b>opportunity cost<\/b>, also known as <b>alternative cost<\/b>, of making a particular choice is the <a title=\"Value (economics)\" href=\"https:\/\/en.wikipedia.org\/wiki\/Value_(economics)\">value<\/a> of the most valuable choice out of those that were not taken.<\/span><\/p>\n<p>See https:\/\/en.wikipedia.org\/wiki\/Opportunity_cost for the full description<\/p>\n<div style=text-align:right;><\/div>","protected":false},"excerpt":{"rendered":"<p>In microeconomic theory, the opportunity cost, also known as alternative cost, of making a particular choice is the value of the most valuable choice out of those that were not <a class=\"more-link\" href=\"http:\/\/petaguy.info\/blog\/glossary\/opportunity-cost\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"glossary-cat":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","ab-block-post-grid-landscape":"","ab-block-post-grid-square":"","slider":"","featured":"","small-featured":""},"post_excerpt_stackable_v2":"<p>In microeconomic theory, the opportunity cost, also known as alternative cost, of making a particular choice is the value of the most valuable choice out of those that were not taken. See https:\/\/en.wikipedia.org\/wiki\/Opportunity_cost for the full description<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Peta Guy","url":"http:\/\/petaguy.info\/blog\/author\/peta"},"comments_num_v2":"0 comments","uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"ab-block-post-grid-landscape":false,"ab-block-post-grid-square":false,"slider":false,"featured":false,"small-featured":false},"uagb_author_info":{"display_name":"Peta Guy","author_link":"http:\/\/petaguy.info\/blog\/author\/peta"},"uagb_comment_info":0,"uagb_excerpt":"In microeconomic theory, the opportunity cost, also known as alternative cost, of making a particular choice is the value of the most valuable choice out of those that were not Continue Reading &rarr;","_links":{"self":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary\/1611"}],"collection":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":2,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary\/1611\/revisions"}],"predecessor-version":[{"id":1614,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary\/1611\/revisions\/1614"}],"wp:attachment":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/media?parent=1611"}],"wp:term":[{"taxonomy":"glossary-cat","embeddable":true,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary-cat?post=1611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}