Understanding Normal Profit: Economics 101
Channel: Saylor Academy
Date: 2013-09-30

Watch this video about how a coffee shop owner decides whether to keep is shop open or take another job, At the end of the video, consider the role of opportunity costs and how they affect business decisions. Think about times you've had to make choices and how opportunity costs affected those decisions.

Visit ECON101: Principles of Microeconomics
http://www.saylor.org/courses/econ101-clep/ (credit aligned)
http://www.saylor.org/courses/econ101/

Terms of Use: This video is licensed with a Creative Commons Attribution License (CC-BY).  The video was produced by The Saylor Foundation.