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LSDefine

Simple English definitions for legal terms

opportunity cost

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A quick definition of opportunity cost:

Opportunity cost: The cost of choosing one thing over another. It's like when you have two options, but you can only pick one. The opportunity cost is the value of the thing you didn't choose. For example, if you choose to buy a toy for $10, the opportunity cost is the $10 you could have used to buy something else.

A more thorough explanation:

Definition: Opportunity cost is the value of the next best alternative that is forgone when making a decision. It is the cost of choosing one option over another.

Example: If you have $100 and you decide to spend it on a concert ticket, the opportunity cost is the value of the next best alternative that you could have spent that $100 on, such as a new pair of shoes or a dinner with friends.

The concept of opportunity cost is important in decision-making because it helps individuals and businesses to weigh the benefits and drawbacks of different options and make informed choices. By considering the opportunity cost, they can determine whether the benefits of a particular decision outweigh the costs.

opportunity | opportunity to be heard

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Dkk
16:33
@jackfrost11770: Man, I watched a video summarizing the stuff I missed in Arcane. You know, all the boring mel and ambessa stuff and that shit is actually incredibly important to the lore. That stuff is all LeBlanc shit and LeBlanc is like one of the most powerful characters in league.
Dkk
16:33
At least, lore wise. It will get interesting.
if ive been at UR 2 or 3 for UVA am i cooked
also is there ucla wave tongith or is that late reporters?
TypicalTeapot
16:37
DEAN ANDY PLEAAAAAASE
recentboo
16:43
leblanc and vlad coming in last arc
ohh i guess no wave today
16:55
@SplitterusClitterus: yes lol
oo dkk can u send link? i'm curious
i know nothing abt league so this is all new to me
Dkk
16:58
Yeah sure
thanks!!
oh yeah the whole black rose stuff
i'm glad they upped the horror season 2, it's so well done both sound and graphic design wise
the whole scene w the chains reminded me of hellraiser, very cool
Dkk
17:02
I don't like horror personally but I can deal with this level of horror.
Dkk
17:03
Yeah, LeBlanc is all about chains. She imprisoned Mordekaiser which is like way far away from arcane lore but Mordekaiser is like super black metal guy.
Dkk
17:04
He's also from the Shadow Isles which would be really crazy to see in Arcane.
the creator did confirm there will be other shows based in this universe so maybe we'll see all of that stuff in the spinoffs
babycat
17:05
courthouse wedding at the nyc lsd meetup
babycat
17:05
who’s in
17:06
Do not combo breaker the dweeb circlejerk
Dkk
17:07
@jackfrost11770: maybe so!
Dkk
17:07
@babycat: too broke rn. I know I say broke but broke for me is like, I need to survive for 3+ more months lol. 6+ months no longer broke.
Dkk
17:08
My Crypto is also locked during the bull run right now for 3 more months cus I am participating in a coin offering.
babycat
17:09
what happened to in sickness and in health, for richer for poorer, for better for worse
Dkk
17:09
?????? Who am I marrying or who am I married to lol.
babycat
17:09
idk anyone who’s available
i'll be there
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