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Discussion Post: Opportunity Cost
Opportunity cost of your resource is defined as "the value associated with the next best use of that resource (which you must give up)." Decisions you make should reflect your opportunity cost, and not just your out-of-pocket costs. For example, if you decide to spend two hours of your time watching TV, the opportunity cost of your time is the value associated with its next best use (either studying or sleeping).
When the I-395 Express Lanes first opened in November 2019, the toll was expected to reach up to $30 for drivers in the Northbound lanes to travel a distance of only 8 miles during the morning rush hour.
Read the Washington Post story.
Using the principles of Opportunity Cost and Rational Decision Making, explain why (or why not) drivers might be willing to pay up to $30 to save 30 minutes of travel time during the rush hour.
Under what conditions would it be a bad thing? How might such high interest rates be reduced-and with what costs and benefits?
CSCI-GA 09 New York University Show how different sets of indifference curve result in different optimal portfolios - In practice, investment portfolios
The sources of investment spending in Canada...are only private saving-cannot be public saving because government's run permanent deficit.
Provide a "Reference" section at the end of your paper with at least 3 references including reference to a scholarly book or a scholarly journal - How is it Changing the Economy
From the e-Activity, examine the federal budget over the past 25 years. From the data, determine which of the two (2) forces appears stronger: falling revenue or spending growth. Speculate on the main reasons for the trend. Provide a rationale..
What is/are the salient differences between fixed and variable costs, and why is that important to anyone running a business
According to the Dating Committee of the National Bureau, the 2001 recession began in March; at the time of writing, they had not yet specified an ending date.
Evaluate the application of the concept of triple bottom line performance in the case
problem 1use the internet to study two franchisees in two different industriesor sectors. then carefully evaluate and
The demand for good X has been estimated by Qxd = 6-2PX+5Py. Suppose that the good X sells at $3 per unit and good Y sells for $2 per unit. Calculate the price elasticity.
Explain the fundamental differences between the cooperatives and marketing boards.
What is the marginal propensity to consume (MPC) and why is it important in predicting consumer behavior? Which factors will cause the consumption function.
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