If you were a student of Economics, you know the term “Opportunity Cost”. It has been brought up time and again in the course of Economics, and a very true fact it is. In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Rather, simply said, Opportunity cost is the potential forgone profit from a missed opportunity—the result of choosing one alternative and forgoing another. I think it was in high school when I was first introduced to this concept. Little did I realize at the time, that this term could also be applied to life. My Economics teacher might or might not be proud to hear that all of this came back to me recently. We were watching the popular movie “Yeh Jawaani Hai Deewani”. There is this scene when the characters Kabir and Naina are exploring the beautiful, historic city of Udaipur. Kabir has a full list of p...