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So why did you bring me here, Phuc?
Because we're going to work on our Econ project
Doesn't that mean we have to bring--get Dashiell here? (wat.)
I already called him. He should be here any moment.
Hey Phuc, what's opportunity cost?
Opportunity cost is the benefits you lose if you choose one choice over many choices.
Why are you guys doing homework?
This is our last summer and we should be out having fun. 0:00:39.000,0:00:41.000 The opportunity cost of Dashiell not doing his homework
is that he might risk his academic career
in turn making him fail in his life
So in the future we might see him as a hobo on the street.
While, on the other hand, doing homework, the opportunity cost
is that it takes up a lot of time and effort
but it will help in the future in succeeding in his life. 0:01:04.000,0:01:05.000 So that's why we do our homework.
Oh, so we should get started on that econ project
we've been putting off for two months.
Sounds "great".
So what should we do for our econ project?
We can come up with different ideas and weight the opportunity cost of each.
Okay. 0:01:18.000,0:01:21.000 How about doing the project about buying things at the mall?
Well we could do that, but it's not very original.
So the opportunity cost would be that we'd lose points for creativity.
Well how about buying or renting a house?
That's very unrealistic, since we can't really buy a house.
The opportunity cost of making that project is that it's gonna be very difficult to pull off.
Well, how about we do our project about making our econ project?
The opportunity cost of that is that it's hard to convey and also hard to do
but it does sound like a good idea.
Yeah, it is a good idea.
Okay, let's do that.
Mr. Morton is best Econ teacher!
I don't remember why these credits are so long
It seemed like a good idea when I was editing it.
Bye!