Difference between revisions of "Real price"

Revision as of 20:04, September 5, 2008

Revision as of 19:38, April 18, 2008 (view source) Aschlafly (talk \| contribs) ("free") ← Older edit		Revision as of 20:04, September 5, 2008 (view source) Nonono (talk \| contribs) (Replacing page with 'Category:example') Newer edit →
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−	'''Real price''' is the [[Opportunity Cost\|opportunity cost]] of a [[good]] or [[service]]. The real price of a good which costs $5 is the best alternative use of that $5. Even things that we often consider free have a real price. For example, the real price of watching "free" television for an hour is the money you could have earned by working in that hour, or the money you could have enabled yourself to earn in the future by studying.	+	[[Category:example]]
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−	[[Category:~~Economics~~]]