Tuesday, June 23, 2009

Econ 101: Opportunity Cost


One of the most important concepts in economics is opportunity cost.  Economists know that the true cost of any economic activity includes the value of the next best opportunity that you give up.

Thus, I know that on a day that is relentlessly sunny, warm and breezy the cost of blogging is too high...

2 comments:

Stacy said...

Enjoy the beautiful day!

victor said...

i really in this movement ,, thanks,,


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victor
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