Sunday, March 16, 2008

Opportunity Cost Comparisons Rock

I have put together a little bit of economics for today’s post. It’s based on the fact that you have to make difficult economic decisions in life. Sometimes you have to choose to spend you money one thing rather than another. Economists call this an opportunity cost comparison. I based mine on buying wine versus buying CDs. You could change either factor to suite your needs. Under no circumstance can you replace paying your mortgage as one of the factors.


Danielle said...

So this is why we don't have much wine around the house anymore! I'm all for more Riesling and less REM. More white, less Wilco? More Australian reds, fewer Australian singer-songwriters?

Post a Comment