Opportunity cost
The opportunity cost of an activity is the value of the best alternative activity that you could engage in.
This wiki is associated with Cognito Mentoring, an advising service for learners that was run by Jonah Sinick and Vipul Naik. The advising service is no longer running and the wiki is not being actively updated; however, we'll try to respond to feedback and suggestions regarding the content.
Please connect with us to offer feedback on the wiki content.
The opportunity cost of an activity is the value of the best alternative activity that you could engage in.