Answer to Question #248743 in Economics for nelly

Question

Choose which Principle of Economic Thinking in present in this scenario: 

What do you want for dinner? McDonald's sounds pretty good and fast, but you wanted to start eating healthier. You have food at home, its healthier, but it would take about an hour to make and you really want to play some video games before you have to go to bed. Which do you choose? 

Answer 1

Opportunity is the value of the best-discarded option, with the option is chosen being the least-losing one. In business, this is the income that could have been earned by making a different decision.