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Unformatted text preview: Examples 1. The choice between studying economics for an hour or studying for history exam or working at part-time job. (Choice to study for economics, the cost is points upped on history exam or money earned in par time job.) 2. The decision that Justin Upton had to make between college and pro ball. (Choice to go pro, the cost is college education.) Wednesday, August 23, 2006 3. No free lunch hotel offers free lunch to sit through talk, to get you to buy something. (Choice to take free lunch, cost is time and money it took to get there.) 4. Going to bed at 9:30 on Friday has higher opportunity cost than going to bed at 9:30 on Tuesday. (Cost on Friday night you might miss seeing someone get drunk)...
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- Fall '08