Opportunity Cost Definition and Real World Examples
Economy | Information | History | Online | Facts | World | Global | Money
Visit Study.com for thousands more videos like this one. You'll get full access to our interactive quizzes and transcripts and can find out how to use our videos to earn real college credit. YouTube hosts only the first few lessons in each course. The rest are at Study.com. Take the next step in your educational future and graduate with less debt and in less time.
Comments
-
Thanx Mate
-
Anyone here because of teacher told to watch?
-
Hey Konos people that have to watch this :/
-
can oppurtunity cost recorded in book of acccounts ???
-
Hi Mr.Lennon! I know you may be watching this again for our class!
-
Money that is paid every hour is called "Time rate" not salary. Salary is paid every month
-
Thanks, very simple video.
-
Sign up for the website, get annoying emails? Opportunity cost? Am I getting this right?
-
Boooo. what was explained was explained reasonably well. the suit thing... maybe not. Post the full god damn video. what the hell.
-
I like potatoes
-
mr chapman. you shuold read the comments next time you link us one of these xD
-
what the fucking cunt? There's no way I'm signing up to your shitty site if you don't have the decency to post an entire video on youtube.
-
You guys are missing a lot on of opportunity cost by jumping from free to 100 USD.....Teach business and cannot implement it.
-
I really understood this concept my last semester in business school. Because of it and valuing my free time. I decided not to pursue a career and pretty much be a bum. I am very happy and look at the people killing themselves for some dollars and wasting their lives away. Hey I might not have much money. But I am happy and I enjoy my life it seems a lot more than people I see in corporate careers.
-
Suit was a bad example as it's both an investment and is a solitary rather than continuous and ongoing expense. Requiring a lease for an expensive car (which doesn't lead to ownership, and for the sake of this video we'll say is not reimbursable) may have been a better example.
-
Most folks do not grasp it. Once at a car boot sale in Wimbledon there was a lawyer selling his books for a couple of pounds. He gave up the opportunity to earn £30 an hour as a lawyer, or a future £50 buy using that time to study. !Come bout him want to get rid of his junk.
-
amazing explanation! :) thankyou so much for sharing :)
-
i know you do
-
Hello everyone in Mr. Nichols's class. I hate most of you
3m 25sLenght
400Rating