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5 November, 11:45

two action movies are playing at your movie theater complex. you have a half price coupon for one. however, you choose to see the other. how might this still be an example of economizing?

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  1. 5 November, 11:58
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    Two action movies are playing at the movie theater complex, one has a half-price coupon, however, i choose to give up the half-price coupon, then proceeded to see another, this is simply "opportunity cost" in economics.
  2. 5 November, 12:07
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    In Economics, a benefit, profit, or value of something that must be given up to acquire or achieve something else is known as opportunity cost.

    Therefore, in this case, Two action movies are playing at the movie theater complex, one has a half-price coupon, however, i choose to give up the half-price coupon, then proceeded to see another, this is simply "opportunity cost" in economics.
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