About the concept of opportunity cost

Assignment Help Business Economics

Reference no: EM131167181

In Chapter 2, you learned about the concept of opportunity cost, and the Section 2.1 review video demonstrated this concept. In your initial post, respond to the following: Describe various opportunity costs of attending a four-year college (assuming a full-time schedule). Given these opportunity costs, why do people choose a four-year college experience? In your own life, what are the trade-offs you face when choosing online classes versus traditional face-to-face classes? In your response posts to your peers, comment on the trade-offs made by your peers, and contribute other costs and trade-offs that might be possible. Additionally, discuss why trade-offs differ among individuals, giving concrete explanation.

Reference no: EM131167181

Questions Cloud

Exam on entrepreneurship and business ownership : Sara Cook took an exam on entrepreneurship and business ownership. She was asked to identify which business organization in the United States has the largest number of firms and which has the largest receipts. She got an A on the exam. How did she an..

Suppose that the overnight rate and overnight rate target : Suppose that the overnight rate and the overnight rate target are at 4.5 percent. The interest rate spread household and business borrowing should be 2.5 percent. a. To achieve the real interest rate of 2.5 percent, at what level should you set the o..

What percentage improvement is needed in sales strategy : Han Lee Furniture, Inc, spends 55% of its sales dollars in the supply chain and finds its current profit of $12,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. What percentage im..

What will happen to equilibrium wage and quantity of labor : Think of a goods and services market for coffee. A wild fire destroys half of the coffee bean crop. Which curve is affected and in what direction? What will happen to equilibrium, price and quantity in that market? Think of a financial capital market..

About the concept of opportunity cost : In Chapter 2, you learned about the concept of opportunity cost, and the Section 2.1 review video demonstrated this concept. In your initial post, respond to the following: Describe various opportunity costs of attending a four-year college (assuming..

Extreme inequality in the distribution of education : In most developing countries, the empirical studies show that there is extreme inequality in the distribution of education. A small section of the population is very highly educated and the majority of the population has practically no education at a..

Economy in determining the shape of human socciety : Describe the social and political of karl Marx what was marx view of history ? how important was the economy in determining the shape of human socciety? how did human society change overtime ? summarize marx view on capitalism outlining both its posi..

Foreign subsidiary in poor nation : A visiting American executive finds that a foreign subsidiary in a poor nation has hired a 12-year-old girl to work on a factory floor, in violation of the company's prohibition on child labor. He tells the local manager to replace the child and tell..

Appeared that the affordable healthcare act : When it appeared that the Affordable Healthcare Act was going to become a reality, various media outlets offered several predictions regarding how this was going to impact temporary workers. Now that the Affordable Healthcare Act has been through the..

User Account

All Pages