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Nothing Comes Free - Opportunity Cost Explained
Opportunity cost is one of those economic concepts that will change your decision-making forever once you understand it clearly. But it is quite difficult to grasp the concept if you just got to know the term. Therefore, we've brought you more than 10 examples in this video to help you understand it better.
Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant
Listen it on the podcast provider of your choice:
https://tapthe.link/FutureIQRSS
Watch other episodes of The FutureIQ podcast:
https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v
More videos for you:
Sunk cost fallacy: https://youtu.be/pgH79XsGlo4
00:00 Introduction
01:05 Opportunity cost
01:59 Example
03:30 Example 2
04:54 Example 3
05:55 Example 4
07:23 Example 5
09:00 Example 6
09:40 Example 7
11:00 Example 8
11:35 Example 9
12:16 Where does it not apply?
13:48 Baumol's cost disease
15:20 Example 10
18:50 The conclusion
#futureiq #opportunitycost
View all episodes
By Videoschool MediaOpportunity cost is one of those economic concepts that will change your decision-making forever once you understand it clearly. But it is quite difficult to grasp the concept if you just got to know the term. Therefore, we've brought you more than 10 examples in this video to help you understand it better.
Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant
Listen it on the podcast provider of your choice:
https://tapthe.link/FutureIQRSS
Watch other episodes of The FutureIQ podcast:
https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v
More videos for you:
Sunk cost fallacy: https://youtu.be/pgH79XsGlo4
00:00 Introduction
01:05 Opportunity cost
01:59 Example
03:30 Example 2
04:54 Example 3
05:55 Example 4
07:23 Example 5
09:00 Example 6
09:40 Example 7
11:00 Example 8
11:35 Example 9
12:16 Where does it not apply?
13:48 Baumol's cost disease
15:20 Example 10
18:50 The conclusion
#futureiq #opportunitycost