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Seinfeld Economics: The Chinese Restaurant (Lying to Uncle)

by Linda Ghent

Opportunity cost is the cost of the next-best alternative. The notion of opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently. It is important to keep in mind that opportunity costs are not restricted to monetary or financial costs.

Seinfeld: The Chinese Restaurant (Lying to Uncle)

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Jerry lies to his uncle and says he can't go to dinner with him. “Did I do a bad thing by lying to my uncle and saying I couldn't go to dinner? Plan Nine from Outer Space – one night only! C'mon!”

from Seinfeld, Season 2 (1991)
Creator: Larry David & Jerry Seinfeld
Posted by Linda Ghent