To avoid the mistake of ignoring opportunity costs,questions can be framed in the form of
A) "should I do A?"
B) "should I do B?"
C) "why should I do A?"
D) "should I do A or B?"
E) "should I do A or B or C or¼ Z?"

Question

Quizplus · Accepted Answer

By framing the question as "Should I do A or B?", the decision-maker is forced to consider the opportunity cost of choosing one option over the other. This helps avoid the mistake of ignoring the potential benefits or drawbacks of the alternative choice. Option E, which includes multiple options to choose from, may also be helpful in considering a wider range of opportunities, but D is still the best choice for focusing the decision-making process.

To Avoid the Mistake of Ignoring Opportunity Costs,questions Can Be