Real life Example Of Opportunity Cost

Opportunity Cost:

Opportunity lost is opportunity cost.

                                    (or)

Sacrificing one opportunity for getting best alternative  is called opportunity cost.

Example:

 Today as there is no dinner in our college.  I used to go Kagalipura Restaurant but today I went to Mughal Era because . I am getting more quantity in Mughal Era when compared to Kagalipura restaurant with the  same money which i spend in Kagalipura restaurant.

Ø  Here I sacrificed Kagalipura Restaurant for getting best alternative i.e. (Mughal Era)