Photos from the "lingua franca of Business Studies Course" cover
001 opportunity cost
Course content:
We have to give us something else in order to get something in economics, had to give up these things is the current choice to pay for this opportunity cost.
Fish and can not have both, to give up the price of fish is the choice of the bear's paw. For understanding the opportunity cost for us to make more rational choices.
Some people who know how to invest, invest the annual yield can be stabilized at 8% -10%, which means that every penny will have their own 8% of opportunity cost. In other words, the investment did not earn 8% of the investment can be understood as lost.
Understand the opportunity costs need to understand the following three words:
① all , have the opportunity to choose all the costs, with no exceptions;
② maximum opportunity cost is the largest cost of the current selection;
③ inevitable , the opportunity cost is the inevitable alternative options (not including the theoretical option).
Thinking:
Waste time doing nothing is that you choose to invest their opportunity cost, that argument you agree with it?
Experience:
To answer old questions raised by thinking, doing nothing is not wasted time, "the costliest of the current selection," so I do not agree "waste time doing nothing is that you choose to invest your own opportunity cost" of this statement.
Combined with their own situation, the previous understanding of the opportunity costs can be said to be zero, but also no sense of opportunity cost; money and time are always talking together on the topic, do not speak other than throw money, the opportunity cost of the time perspective made me lost in thought, we need to put more time and effort in place to increase the opportunity cost, reflecting the value and deliver value.
Tank
2019.7.21