Think of a project in your work or personal life you have or would like to...
Think of a project in your work or personal life you have or would like to do: what are the capital and opportunity costs associated with it? For example, are there sunk costs? Are there any capital costs associated with the project?
Homework Answers
Project ; Chocolate production
Any sort of production requiers a lot of cost , as per my research the capital cost associated with the chocolate factory are:-
- Building and factory area
- Computer
- Equipments
- Furniture
- Machine
- Vehicle
- Patenting cost
The identifiable opprtunity cost are:-
- Return on mutual funds which is around 10% p.a OR
- the money can be invested in FD.
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