In this way, you are able to make more accurate economic decisions. What is the opportunity cost of a decision example? On the night before an exam, a student spends three hours and $20 at the movies.
It’s an everyday example of what advisers call “opportunity cost” — the difference between the money spent and what could have happened with that money. Instead of chips and a Coke ...
The truth is, despite systemic issues of inequality that exacerbated an affordability crisis, particularly for working class ...
No, I’m not suggesting that the opportunity cost tips the scales in this particular example; indeed ... Maybe he understood behavioral economics after all. And so did my son, by the way.