The following You Tube Parent Decisionclip is good for opportunity cost (Skip the add). However, it doesn't
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Question:
- The following You Tube Parent Decisionclip is good for opportunity cost (Skip the add). However, it doesn't show how to measure it.
- https://www.youtube.com/watch?v=pWE7WDZC-lQ
- How would you suggest to measure the opportunity cost of the parent in the video? How would you measure the opportunity cost of the kid?
Expert Answer:
Answer To measure the opportunity cost for both the parent and the child in the video we need to consider the alternatives they are giving up and quan... View the full answer
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