Difference between revisions of "Real price"

Revision as of 11:45, July 1, 2010

Conservapedia is vandalized!

Revision as of 20:05, September 5, 2008 (view source) Aschlafly (talk \| contribs) m (Reverted edits by Nonono (Talk); changed back to last version by Aschlafly) ← Older edit		Revision as of 11:45, July 1, 2010 (view source) CPVandaIism (talk \| contribs) (Replaced content with 'Conservapedia is vandalized!') 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.	+	Conservapedia is vandalized!
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−	~~[[Category:Economics]]~~