Wednesday, December 4, 2013

Opportunity Cost: Still Around!

This past weekend was Thanksgiving weekend, one of which is full of opportunity costs. Black Friday is a huge example. An opportunity cost is a given up benefit from a passed alternative. So, on Black Friday, people across America had to decide whether to leave the comfort of their own homes and take away time from their family to try and score some deals at some stores or not. Many found the deals more appealing since they'd need to buy the items anyways, and they'd be saving a lot of money, but their opportunity cost for this experience would be lost time with family and friends during a holiday weekend. What did you choose?

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