The problem of opportunity cost, the doubt of opportunity cost

There is a problem with your understanding that the opportunity cost is something that must be given up in order to get something. Therefore, the significance of studying opportunity cost is to compare, and it is of little significance to discuss opportunity cost separately without calculating comparative advantage. For example, a factory can produce an air conditioner in 1 hour, or a motorcycle in 1 hour, the cost of the air conditioner and the motorcycle is exactly the same, but the profit of an air conditioner is 300 yuan, and the profit of a motorcycle is 500 yuan.

It can also be said that the opportunity cost of producing an air conditioner is to give up a profit of 500 yuan, and the opportunity cost of surviving a motorcycle is to give up a profit of 300 yuan. It is precisely because of the calculation of opportunity cost and the gap between comparative advantage that the best benefits are generated.

This question is quite interesting, I don't know who made it, but it asks about the "opportunity cost of stopping the florist business".

Because "the profit of the flower shop is 0 yuan", which means that everything is better than the flower shop, so I think the opportunity cost is 0

Opportunity cost is the cost of choice.

It should arise, but the problem of human reason, people should have the basis for the conditions of choice, but we cannot help people make choices or choose on behalf of others, so we can only make judgments based on the choices they say or describe, this is a problem of science and technology, assuming that we do not know the choices of other brains.

So he should have a certain choice.

For example, I watch TV and play football.

An hour is a substitution, although there must be a choice, his utility basis, but because he does not specify, it cannot be called a choice, unless we know what activities he has to do in an hour, it cannot be the cost of choice, because without specifying, we cannot arbitrarily judge and assume the other party's choice, because this assumption is meaningless.

2010-10-20 01:16:48 Added:

Economics is the analysis of human behavior, if it takes one hour, you can analyze it according to the opportunity cost, his behavior, he took one hour, then what is the result of the analysis, we start from the original purpose of economics.

2010-10-20 01:18:00 Added:

However, in my opinion, the meaning of opportunity cost itself is vague, and the conditions are not clear, so I will not use opportunity cost to analyze things.

2010-10-20 01:18:35 Added:

Misleading candidates who are forced to take exams, the definition of opportunity cost is:"the highest valued option fone"(I don't know what the definition of Chinese is, but probably.)"The most valuable of the options abandoned")

By this definition, the opportunity cost will only be the amount of money you spend on the rest of your time"Uses:"among others"The most ** value"He who.

Therefore, the opportunity cost of watching TV for an hour is playing computer games for an hour.

The cost of buying a pen is the best value of that $5 for other uses (eating skewers of fish balls?). )

The cost of buying a ticket is the most valuable other use of the ticket money (the buffet), and the time cost is the most valuable "use" of the time discarded

So the answer should be b

Opportunity cost is the most valuable option to give up.

If you use 5 yuan to buy a pen, filial piety is to give up the most valuable use of this 5 yuan.

The exact cost depends on what you would most like to buy if you don't use the $5 to buy a pen.

2010-10-18 22:39:57 Added:

If you buy a plane ticket to Taiwan, the opportunity cost is the most valuable other use of the amount of air tickets, and the answer is (a).

Suppose I go to buy a pen, the opportunity cost is: the time to buy a pen!

Opportunity cost: This is the maximum value of giving up something in order to get something.

2010-10-18 22:25:47 Added:

It's the price of the airfare! ,

Recently, I learned an economics term – opportunity cost. At its most basic, it refers to the opportunity for an enterprise to give up another business activity in order to engage in one business activity, or another kind of income when a certain resource is used to obtain a certain income. As a simple example, someone can either go to work and earn 5,000 yuan a month, or they can choose to start their own business.

If he chooses to start a business, then the opportunity cost he pays is 5,000 yuan in salary.

The theory of opportunity cost suggests that we should consider the results of various choices when making various economic decisions, so as to minimize risks and maximize profits.

However, I believe that the theory of opportunity cost is not only applicable to the realm of economics, but can be generalized to all areas of our study and work.

Let's start with a simple example, if I have a free afternoon: I can choose to read a book or I can choose to exercise. If I choose the former, I will lose an opportunity to enhance my physique and adjust my state; If I choose the latter, I will lose an opportunity to increase my knowledge and cultivate my sentiments.

It is clear that whichever choice is a loss of another possible gain. So what I have to think about is, which of these two things is more important to me? In other words, it makes more sense for me to give up, i.e., the opportunity cost is smaller.

If I am in a state of exertion at this time, then exercising is naturally a more choice, and if I feel energetic, taking the opportunity to recharge my mind is a priority.

In fact, choice and abandonment are often juxtaposed – we cannot have all the resources or all the advantages at the same time. Therefore, dwelling on the matter of choosing is really just a waste of time, what we need to do is to make the most of the opportunity cost to make decisions, choose what is most beneficial to us, and give up the relatively least important, only in this way will we get the maximum and most efficient progress.

I think the opportunity cost is a great help for people with choice difficulties, and it teaches us that there is no such thing as perfection in the world, and we should not be delusional about getting it all, but we should focus on the choice that maximizes the benefits. This also requires us to have sufficient cognitive level and analytical judgment ability, have the ability to accurately understand the consequences of different choices, think carefully, and make bold decisions.

I believe that the application of opportunity cost must be one of the necessary conditions for a person's rapid progress, because he can always "cut through the clouds" and "go straight to the Yellow Dragon" to maximize his knowledge and ability.