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The opportunity cost is going to the mall.

As the definition of opportunity cost is "the next best alternative forgone" and the two choices available are going to the movies or going to the mall, if going to the movies is chosen then going to the mall is the is the option forgone (or given up).

When there are three or more options to choose from the opportunity cost can only be established when the options are ranked in order of preference to determine the second most desirable option (the next best alternative) as there is only ever one opportunity cost.

BGstart So how do you decide? You first have to recognise your goal ior goals. In a simple case it might be to get to know your new girlfriend better. Now it is fairly easy. Assume a scale of 0 to 10. What do you imagine the change will be after the visit to the cinama,and what after the visit to the mall. Say 2.5 for the movie and 1.5 for the mall. So if you choose the Movie you have gained 1.o, A simpler case would be if you had the choice of taking her to one place and had to choose whether or not to do so. Not taking her to the movie woulf cost 2.5, not taking her to the mall would cost 1.5. It would have been a lot easier if it had just been money. This way you have to know what you want out of life and how to measure against its scale. endBG

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12y ago

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