Under the lens of economics as the study of human decision making, Joseph Paris puts forth that the economist’s toolkit is underused in day-to-day life. He focuses on the economic principle of opportunity cost: the “cost of not being able to choose to do something else”. For instance, when considering pursuing attending graduate school, outside of a standard cost-benefit analysis, the opportunity cost would be missing out on the salaries you could’ve made by working instead.
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The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here