“Opportunity cost” in economics basically is what you have to give up to get something—not necessarily...
“Opportunity cost” in economics basically is what you have to give up to get something—not necessarily restricted to dollar amounts. What is the opportunity cost of your going to college? (Note that this is not necessarily something that you can just look up or copy from a friend—you need to think about it and the answers may very well be different for each student. Also, I am not looking for any exact monetary calculation.)
Homework Answers
It can bemention that opportunity cost is nothing but the cost of next best alternative in this regard can be observed that opportunity cost of me going to college is what I have to sacrifice for going to college and if I had not gone to college I would have taken up some work and as per the standards I would have earned around 30000 Dollars per annum and therefore the opportunity cost of me going to college is $30,000 per annum because I've to sacrifice this $30000 all in all.
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“Opportunity cost” in economics basically is what you have to
give up to get something—not necessarily...
“Opportunity cost” in economics basically is what you have to give up to get something—not necessarily...
“Opportunity cost” in economics basically is what you have to give up to get something—not necessarily restricted to dollar amounts. What is the opportunity cost of your going to college? (Note that this is not necessarily something that you can just look up or copy from a friend—you need to think about it and the answers may very well be different for each student. Also, I am not looking for any exact monetary calculation.) Draw a production possibilities curve for food and clothing. If...
To get the most out of life, to think like an economist, you have to be know what you're giving up in order to get some...
To get the most out of life, to think like an economist, you have to be know what you're giving up in order to get something else. So, opportunity cost is the value of what you get expressed as the amount of what you give up the opportunity cost of "X" is the amount of "Y" forgone by the choice of "X"). Comment on the five examples below; either ask a question about any of the 5 examples, explain any...
just need the answer of question 4th Chan Applying Economic Concepts 1-1 (p. 6). The Opportunity...
just need the answer of question 4th
Chan Applying Economic Concepts 1-1 (p. 6). The Opportunity Cost of Your University Degree The opportunity cost of choosing one thing is that you would have received had vou taken that job what must be given up as the best alternative Computing Suppose your aller-tax) annual earnings would have the opportunity cost of a college or university education been $25 000 per year, for a total of 100 000 if you had is...
A customer is looking at a display of Cross gold pens and pencils. Customer: I'm looking...
A customer is looking at a display of Cross gold pens and pencils. Customer: I'm looking for a graduation gift for my brother, but I'm not necessarily looking for a pen and pencil set. Salesperson: Is your brother graduating from college or high school? Customer: He is graduating from college this spring. Salesperson: I can show you quite a few items that would be appropriate gifts. Let's start by taking a look at this elegant Cross pen and pencil set....
please thank you! GROUP WORK 1, SECTION 11.10 Find the Error It is a beautiful spring morning. You are waiting in line to get your picture taken with a man in an Easter Bunny costume, as an amus...
please thank you!
GROUP WORK 1, SECTION 11.10 Find the Error It is a beautiful spring morning. You are waiting in line to get your picture taken with a man in an Easter Bunny costume, as an amusing gift for your friends. When you get to the head of the line, the bunny says "My! You are a very big child. "Oh you laugh, "I am not a child. I am just doing this as an amusing gift for my...
TIF 25-1 Ethics in Action 00 Danielle Hastings was recently hired as a cost analyst by...
TIF 25-1 Ethics in Action 00 Danielle Hastings was recently hired as a cost analyst by CareNet Medical Supplies Inc. One of Danielle's first assignments was to perform a net present value analysis for a new warehouse. Danielle performed the analysis and calculated a present value index of 0.75. The plant manager, Jerrod Moore, is very intent on purchasing the warehouse because he believes that more storage space is needed. Jerrod asks Danielle into his office and the following conversation...
Ethical Issues “Maria, do you have a minute?" Josey asked the COO after stopping her in...
Ethical Issues “Maria, do you have a minute?" Josey asked the COO after stopping her in the hall. "If it's quick, I do. I'm on my way to a meeting in a few minutes with the rest of the executive team." "I'll only take a minute. I've been going through the numbers your team gave me about the new line," Josey said as they slipped into an alcove in the lobby, out of the foot traffic of Wedgewood's main offices....
Ethical Issues "Maria, do you have a minute?" Josey asked the COO after stopping her in...
Ethical Issues "Maria, do you have a minute?" Josey asked the COO after stopping her in the hall. "If it's quick, I do. I'm on my way to a meeting in a few minutes with the rest of the executive team." "I'll only take a minute. I've been going through the numbers your team gave me about the new line," Josey said as they slipped into an alcove in the lobby, out of the foot traffic of Wedgewood's main offices....
Ethical Issues “Maria, do you have a minute?" Josey asked the COO after stopping her in...
Ethical Issues “Maria, do you have a minute?" Josey asked the COO after stopping her in the hall. "If it's quick, I do. I'm on my way to a meeting in a few minutes with the rest of the executive team." "I'll only take a minute. I've been going through the numbers your team gave me about the new line," Josey said as they slipped into an alcove in the lobby, out of the foot traffic of Wedgewood's main offices....
you dont need numbers , just budgets that they are going to need to make Think...
you
dont need numbers , just budgets that they are going to need to
make
Think about your personal budget. How different do you think it is from a company budget? Understanding the different components outlined in a company budget, in addition to the order of completion, helps a business owner, professional, and/or student set reasonable and attainable goals. Budgeting is considered a benchmark document that is pertinent to setting goals and answering questions. Read the following scenario and complete...
To get the most out of life, to think like an economist, you have to be know what you're giving up in order to get something else. So, opportunity cost is the value of what you get expressed as the amount of what you give up the opportunity cost of "X" is the amount of "Y" forgone by the choice of "X"). Comment on the five examples below; either ask a question about any of the 5 examples, explain any...
just need the answer of question 4th
Chan Applying Economic Concepts 1-1 (p. 6). The Opportunity Cost of Your University Degree The opportunity cost of choosing one thing is that you would have received had vou taken that job what must be given up as the best alternative Computing Suppose your aller-tax) annual earnings would have the opportunity cost of a college or university education been $25 000 per year, for a total of 100 000 if you had is...
please thank you!
GROUP WORK 1, SECTION 11.10 Find the Error It is a beautiful spring morning. You are waiting in line to get your picture taken with a man in an Easter Bunny costume, as an amusing gift for your friends. When you get to the head of the line, the bunny says "My! You are a very big child. "Oh you laugh, "I am not a child. I am just doing this as an amusing gift for my...
TIF 25-1 Ethics in Action 00 Danielle Hastings was recently hired as a cost analyst by CareNet Medical Supplies Inc. One of Danielle's first assignments was to perform a net present value analysis for a new warehouse. Danielle performed the analysis and calculated a present value index of 0.75. The plant manager, Jerrod Moore, is very intent on purchasing the warehouse because he believes that more storage space is needed. Jerrod asks Danielle into his office and the following conversation...
Ethical Issues “Maria, do you have a minute?" Josey asked the COO after stopping her in the hall. "If it's quick, I do. I'm on my way to a meeting in a few minutes with the rest of the executive team." "I'll only take a minute. I've been going through the numbers your team gave me about the new line," Josey said as they slipped into an alcove in the lobby, out of the foot traffic of Wedgewood's main offices....
Ethical Issues "Maria, do you have a minute?" Josey asked the COO after stopping her in the hall. "If it's quick, I do. I'm on my way to a meeting in a few minutes with the rest of the executive team." "I'll only take a minute. I've been going through the numbers your team gave me about the new line," Josey said as they slipped into an alcove in the lobby, out of the foot traffic of Wedgewood's main offices....
Ethical Issues “Maria, do you have a minute?" Josey asked the COO after stopping her in the hall. "If it's quick, I do. I'm on my way to a meeting in a few minutes with the rest of the executive team." "I'll only take a minute. I've been going through the numbers your team gave me about the new line," Josey said as they slipped into an alcove in the lobby, out of the foot traffic of Wedgewood's main offices....
you
dont need numbers , just budgets that they are going to need to
make
Think about your personal budget. How different do you think it is from a company budget? Understanding the different components outlined in a company budget, in addition to the order of completion, helps a business owner, professional, and/or student set reasonable and attainable goals. Budgeting is considered a benchmark document that is pertinent to setting goals and answering questions. Read the following scenario and complete...
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