Choices

Make choices everday e.g what should you do with ur money

Doing one thing means choosing not to do the others

Opportunity cost is what you give up do to the others

e.g clean apt -> no nap OC=feeling rested

nap -> no clean apt OC=clean space

Opportunity cost focus on what you give up

Not focus on money/price

e.g 2 investing choices:build new factory or advertise

Build: advertising

Advertise: building new factory

OC is the single most valuable thing that u give up not the value of all things that u give up

e.g Workers not happy

Factory needed

Advertising needed

=> New factory, OC= advertising

e.g Workers happy no need raise

Old factory

Need to compete

 New company, OC= advertising