Opportunity cost is finding the best alternative by giving up one good for another good. In Ferris’s novel, he states that working eighty hours a week and not having spare time for his leisure is what made him decide to find his ideal job. In addition, after the author started his business, he took an opportunity cost to go on vacation to relieve his stress on his job. Furthermore, dealing with opportunity costs can be real stressful, because the entrepreneur is only given two options in order to make a company grow more and the entrepreneur must choose carefully which option to choose in order to move forward with his job progress. To illustrate, imagine you were spending time and money going to a movie, you cannot spend that time at home reading a book, and you cannot spend the money on something else. If your next-best alternative to seeing the movie is reading the book, then the opportunity cost of seeing the movie is the money spent plus the pleasure you forgo by not reading the book
Opportunity cost is finding the best alternative by giving up one good for another good. In Ferris’s novel, he states that working eighty hours a week and not having spare time for his leisure is what made him decide to find his ideal job. In addition, after the author started his business, he took an opportunity cost to go on vacation to relieve his stress on his job. Furthermore, dealing with opportunity costs can be real stressful, because the entrepreneur is only given two options in order to make a company grow more and the entrepreneur must choose carefully which option to choose in order to move forward with his job progress. To illustrate, imagine you were spending time and money going to a movie, you cannot spend that time at home reading a book, and you cannot spend the money on something else. If your next-best alternative to seeing the movie is reading the book, then the opportunity cost of seeing the movie is the money spent plus the pleasure you forgo by not reading the book