A b bey L e e Layl a nd is ha v ing a difficult t i me d ecid in g w h ether o r not to pursue her D B A . H ow w ou l d un d erstandi n g the c oncept o f o pp o r tu n ity c o s ts help her m a ke a...

When I make a decision, users are also making a decision not to do anything else. The opportunity cost is what you give up when you choose one thing over another. A simple illustration of opportunity cost is deciding between two types of bread at the supermarket. If one loaf is seven cents more costly than another, the seven-cent difference represents the...