S E3: Core Principle 2 - The Opportunity Cost Principle - Or What?
Think Like An Economist
The Opportunity Cost Principle
The opportunity cost is whatever you're giving up to do the thing you want to do. Did you know a recession is good news for net flocks? The revenues often boom. And this is why the ming industry actually does really well when the economy is struggling. Next we're going to turn to the marginal principle, and we'll teach you how to think on the margin. It's time to think like an economist.
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