Kyle Burroughs has decided to put $25 more per week in his savings account.He knows this will reduce his ability to go out to eat each week but thinks building his savings is important.This would be an example of:

Question

Quizplus · Accepted Answer

This is an example of opportunity cost, as Kyle is sacrificing his ability to go out to eat in the short-term in order to save more money in the long-term.

Kyle Burroughs Has Decided to Put $25 More Per Week