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Concepts

LearningOpportunity Cost

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Cards: 1 of 4. Quiz next, 4 to come.

What you chose, and what it cost youFour vertical bars standing on a common line. The leftmost is solid and filled, labelled what you chose. A dashed rule separates it from three outlined bars of decreasing height, labelled together as what you gave up. A bracket above the tallest of those three marks it as the cost of the choice. A line beneath reads that the cost is the tallest thing you gave up, rather than all of them added together.What you choseWhat you gave upthe costThe cost is the tallest thing you gave up,rather than all of them added together.

Four vertical bars. The leftmost is solid and labelled what you chose. To the right of a divider stand three outlined bars of decreasing height, labelled together as what you gave up. A bracket above the tallest of the three marks it as the cost of the choice, and a line beneath reads that the cost is the tallest thing you gave up rather than all of them added together.

One rejected option carries the whole cost, and it's the tallest one.
One rejected option carries the whole cost, and it's the tallest one.

One rejected option carries the whole cost, and it's the tallest one.

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