Everything can be associated with an opportunity cost, and I think most of us don't think in terms of opportunity costs. If we do think in terms of opportunity, we tend to think of the immediately costs and not long term. So what do you do? Well, in the case of the urinal, just go with the flow, but much more serious decisions we can't be so impulse. We need to be calculated and well thought-out.
This is something I'm trying to implement into my daily routine, to think like an economist!
So in the spirit of my topic today. Thank you for choosing to read this, among the infinitesimal other alternatives you could have chosen. Again opportunity costs.
-MC
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