Temporal arteritis, also known as giant cell arteritis, is a condition that involves blood vessel inflammation and damage. According to the University of Maryland Medical Center, this condition may affect the medium or large arteries that supply blood to your head, neck, upper body and arms.
Legal Definition of opportunity cost. : the cost of making an investment that is the difference between the return on one investment and the return on an alternative.
Production possibility frontiers. An opportunity cost will usually arise whenever an economic agent chooses between alternative ways of allocating scarce resources. The opportunity cost of such a decision is the value of the next best alternative use of scarce resources. Opportunity cost can be illustrated by using production possibility frontiers (PPFs) which provide a simple, yet powerful tool to illustrate the effects of making an economic choice. A PPF shows all the possible combinations of two goods, or two options available at one point in time.