Suppose Myra decides to take a trip to Minnesota. Which result would be a cost?
Myra will enjoy her trip to Minnesota more than she would have enjoyed a trip to New Jersey. Myra will spend more money. Plane tickets for Myra to get to Minnesota are more expensive than tickets to New Jersey.
Myra is deciding whether to take a trip to Minnesota or New Jersey. She wants to enjoy her trip. But she is also trying to save money.
Before you decide to do something, it is often helpful to list costs and benefits.
Costs are what you give up or spend when you decide to do something. Costs involve giving up things that you want or need.
Benefits are what you gain or save when you decide to do something. Benefits involve gaining something that you want or need.
This result is a cost. It involves giving up or spending something that Myra wants or needs:
Myra will spend more money. Plane tickets for Myra to get to Minnesota are more expensive than tickets to New Jersey.