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Joe Bob was me...
Message
From
14/05/2002 14:55:38
 
 
To
14/05/2002 12:51:50
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Level Extreme
Category:
Other
Miscellaneous
Thread ID:
00655875
Message ID:
00656409
Views:
15
Boy has this thread jumped around. I have to agree with John and John (*g*) on this one though on principle--opportunity costs can be positive or zero. A good example of a zero opportunity cost is a free good which is available without the use of resources such as 'air.' Since the opportunity cost principle states the cost of one good in terms of the next best alternative, what is the alternative to 'air?' Of course this only holds true as long as air is plentiful on earth!

:o)
Tracy

>John
>
>Reconsider. SB is correct by definition. Opportunity cost is not something you can calculate from benefits and deficits. The best option may carry a severe opportunity cost.
>
>Regards
>
>JR
.·*´¨)
.·`TCH
(..·*

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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"
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