Why do economists measure the cost or money price of thhings when oppritunity cost is what we actually are considering when we decide whether or not to purchase something

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Katelynn Carson

19 August, 23:54

Why do economists measure the cost or money price of thhings when oppritunity cost is what we actually are considering when we decide whether or not to purchase something

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Larissa Espinoza · Answer 1

Although opportunity cost is definitely important, it is hard to put a "price" on the opportunity in many cases, which makes it unmeasurable. This is why economists focus almost exclusively on price.