Opportunity cost blog

                                  Opportunity Cost Blog

                      by Justin Winn

The story I have written about is about, what opportunity cost is and how we use It In a way, when we want something we really bad that we want to buy It, but have to think of the money costs of a opportunity. So everyone asks most of the time about opportunity cost and what the benefits are from using the costs to obtain something In need for like a household Item or a movie ticket but know later on that you would need the money for the Item. What opportunity cost Is really about, Is when the loss or potential gain from alternatives when one alternative is chosen. This meaning to It makes a lot of sense to people it's like when people want whats best for their friends and family, they will do pretty much anything to get them a gift or card, or take them somewhere to eat, this is what an example of an opportunity cost Is. I think that using an opportunity cost Is good, In a way when we want to get something we need and, need to make sacrifices sometimes to obtain this Item of need.  It's like when you have the opportunity cost of going to college Is the money you have earned to have this education, and instead of going to work first but you later on go to work because you have to live with money to succeed In life. I think what I have explained already about this topic Is the same thing you use to get from the store or anywhere you go, there's always going to be an opportunity cost. Now that we have talked about the main basic setting of opportunity cost, where going to move on to the topic on the value of the opportunity cost.

The cost of something Is already the value of the highest- valued alternative use. But as contract lawyers and airplane pilots know, redundancy can be virtue. In this case, Its virtue is to remind us that the cost of using a resource arises from the value of what It could be used for Instead. This simple concept has powerful implications. It implies, for example, that even when the government subsidize college education, most students still pay more than half of a college cost that would be nearly 4,000 In tuition at a state college. assume that the government subsidy to the college amounts to the same price of what I have explained already like the amounts of 8,000 to 12,000 a year that Is why most students now choose to go to two year now which saves them money and time, most importantly It's cheaper than going to a 4 year college I am thinking about going to a two year college because of education reasons and I really don't have the money to go to a two year college so writing about this story has told me what I can do to use this opportunity cost to go To PCC. anyway I hope you have enjoyed reading this story and I hope It was worth reading.