The opportunity cost of a decision is defined as the outcome/gains of other options. If Frank bought an electric scooter instead of a bike to commute to his classes, his opportunity cost would be the health benefits that he would gain by biking.
The opportunity cost of a decision is defined as the outcome/gains of other options. If Frank bought an electric scooter instead of a bike to commute to his classes, his opportunity cost would be the health benefits that he would gain by biking.