Quote:
Originally Posted by B4EQWASCOOL
[You must be logged in to view images. Log in or Register.]
The opportunity cost is what the wealthy person could do with their time by paying a higher price. Nice try? No. You failed and are dumb.
I really do suggest you Google the term next time.
|
The opportunity cost is the value of the best alternative. The alternative to buying from a reseller is sitting in the tunnel and auctioning. In other words, the opportunity cost refers to the fact that our circlet-crazed SK/Necro is probably willing to acquire it in multiple ways, but can only pick one as they only need one.
From glorious wikipedia:
Quote:
|
Say you have a free ticket to a concert by Band X. The ticket has no resale value. On the night of the concert your next-best alternative entertainment is a performance by Band Y for which the tickets cost $40. You like Band Y and would usually be willing to pay $50 for a ticket to see them. What is the opportunity cost of using your free ticket and seeing Band X instead of Band Y?
|
Quote:
|
The benefit you forgo (that is, the value to you) is $10: the $50 benefit of seeing Band Y less the ticket cost of $40.
|
Also, I 100% agree with Octavian. Not much point to having millions of platinum if you are hated by the whole server.