Comments on: Opportunity Cost Explained http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/ Dedicated to the mathematical arts. Tue, 02 Dec 2008 01:46:45 +0000 http://wordpress.org/?v=2.5.1 By: Johan Richter http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/#comment-12949 Johan Richter Thu, 15 Mar 2007 11:02:49 +0000 http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/#comment-12949 Now that you mention it Walt, it is kind of interesting that the concept of opportunity cost is mentioned as a mayor point in introductory textbooks but plays little to no role in the more formal mathematical models economists use. Now that you mention it Walt, it is kind of interesting that the concept of opportunity cost is mentioned as a mayor point in introductory textbooks but plays little to no role in the more formal mathematical models economists use.

]]> By: Johan_C http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/#comment-12812 Johan_C Wed, 14 Mar 2007 12:57:02 +0000 http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/#comment-12812 "Opportunity cost is easy enough to understand in simple descriptive situations, but I have never seen a precise mathematical definition of it that didn’t make it seem like a contentless idea" and why bother ? I've never ever seen an economist actually use "opportunity costs" “Opportunity cost is easy enough to understand in simple descriptive situations, but I have never seen a precise mathematical definition of it that didn’t make it seem like a contentless idea”

and why bother ? I’ve never ever seen an economist actually use “opportunity costs”

]]> By: Brad Skaggs http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/#comment-12497 Brad Skaggs Sun, 11 Mar 2007 19:27:11 +0000 http://www.arsmathematica.net/archives/2007/03/10/opportunity-cost-explained/#comment-12497 Yoram Bauman presents his 10 principles of economics as part of his Stand Up Economist routine on YouTube: http://www.youtube.com/watch?v=VVp8UGjECt4 Yoram Bauman presents his 10 principles of economics as part of his Stand Up Economist routine on YouTube:
http://www.youtube.com/watch?v=VVp8UGjECt4

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