Suppose Andrew decides to take a trip to Georgia. Which result would be a cost?
Andrew will save some money. Plane tickets for Andrew to get to Georgia are less expensive than tickets to California. Andrew will give up the chance to go to California. He would have enjoyed a trip to California more than Georgia.
Andrew is deciding whether to take a trip to California or Georgia. He wants to enjoy his trip. But he 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 Andrew wants or needs:
Andrew will give up the chance to go to California. He would have enjoyed a trip to California more than Georgia.