Skip to content. | Skip to navigation

Personal tools
Sections

Text Commentary

Incentives and Opportunity Cost in "The Terminal"
by Dirk Mateer `

Tom Hanks is a man who is forced to reside in JFK airport until he is cleared to enter the United States. As time elapses he becomes more desperate and hungry. Eventually he learns that he can round up luggage carts and return them for a quarter each. The interesting questions revolve around the price charged (25 cents) and why he is willing to return the carts and other people are not. The answer has to do with the opportunity cost of his time (which is low) compared to the time value of the other passengers who are waiting for flights. A very good clip to show when thinking about opportunity cost.

This Commentary is related to the following Clips:
Incentives and Opportunity Cost in "The Terminal" by Director: Steven Spielberg, Producers: Steven Spielberg, Walter F. Parkes, Laurie MacDonald, and Andrew Niccol (2004) Tom Hanks is a man who is forced to reside in JFK airport until he is cleared to enter the United States.