Offs related to the benefits and losses, so in the process of decision-making, often comparing the costs and benefits of different ways of action. The difficulty here is that in many cases, the cost of some actions are not always obvious when looked through.
For example, the decision to go to college; The benefit of this action is a richer knowledge and have the opportunity to get the job done better in all my life. What about the cost of what is it? It is the total of the amounts paid to acquire this education (tuition, materials, living expenses, ...). But the total amount that's really not the whole of what you have to give up to go to college.
The opportunity cost of something is what you have to give up to get it. When deciding anything (for example to go to college), the decision maker must take into account the opportunity costs associated with these actions can be done. The opportunity cost of sports athletes aged students can be very high - they can earn a lot of money if you quit school, to play professional sports. Of course, everyone understands that, the benefits of college is too small compared to the cost
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