5 ms·
But you don’t sum up all the other things for opportunity cost, you take the single max value. In other words, the opportunity cost doesn’t care about how many
by zeroimpl 6y ago
But you don’t sum up all the other things for opportunity cost, you take the single max value. In other words, the opportunity cost doesn’t care about how many other people were waiting, it cares only about how much useful results the best alternative proposal would have gotten with the same amount of hours.
- klyrs 6y agoThat's an inaccurate picture of resource allocation. 100 hours of a globally unique resource could satisfy 100 1-hour demands. You sum those.
- zeroimpl 6y agoThat would be one proposal - give 1 hour to 100 different groups. What you don’t do is sum the 10000 different requests, nor the 100 requests that also want to use 100 hours each.