Opportunity Cost
00:02 - 02:56
2m 54s

This clip demonstrates the loss of potential gain from other alternatives when one alternative is chosen.

Watch Warren Buffett’s Secret Millionaires Club on the Kid Genius channel on Xfinity. Visit SMCKIDS.COM for webisodes, comics, games, and more!

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Video Transcript

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The Bees are given a tour of the hive where the tasks of the beehive are broken up into specialized tasks so that individuals may perfect their craft. This is an example of the concept of a division of labor within a corporation.
The Secret Millionaires Club learns how to take less of one thing in order to get more of something else. This is also known as a trade-off. Watch Warren Buffett’s Secret Millionaires Club on the Kid Genius channel on Xfinity. Visit SMCKIDS.COM for webisodes, comics, games, and more!
Elaine's birth control sponge has been pulled off the market, and she's carefully hoarding her stash. So is the man she's dating "spongeworthy?" If she uses a sponge for him, she won't have it if a better opportunity comes along.
A very attractive job offer is proposed by Mr. Potter, and George is conflicted on whether or not to accept this big opportunity.
Jerry and Elaine are contemplating having sex. "We can have this...or we can have that." But clearly, they can't have them both, though they try. Later, in the coffee shop, George chastises Jerry for trying to have them both.