Monday, November 23, 2009

Opportunity cost

Opportunity cost is when you give something up for another thing. This weekend I went to wawa and had to choose between apple juice and a doughnut. I chose the apple juice over the dougnut. Another Opportunity cost i had this weekend was when i had to decide between going to my cousions wedding far away or sleeping in. I chose sleeping in over the wedding. I gave up things for something else. Its like trade between two things.

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