What Is Opportunity Cost?

Part of the cost of spending money on something is losing the opportunity to spend that money on something else. So if I have $100, I could spend it. Right? And so that's what we're doing here. We do this in all areas of life, right? I got one free hour available on Saturday. I want to take a bike ride and I also want to rake the leaves. I can't do both,right? I have to pick and choose. Yeah. That'll be something else. That will be a refrigerator. All right, we'll get it though, don't worry. Yes, we'll talk about trade offs here. You have this note here