Finding the opportunity cost

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Reference no: EM133130273

For comparative purposes, focus on finding the opportunity cost, expressed as a dollar amount, of attending our class face-to-face. 

Follow these steps:

  • First, find all your alternative options/activities to attending our class face-to-face, excluding the options of taking this class completely online or live online. For example, one alternative activity could be working during the time the class is held on campus. Other activities/options depend on your situation and may include spending time with family or friends, exercising, etc. 
  • Second, assign a dollar value to each alternative after making a few simple calculations. If you are not able to assign a dollar value to each alternative, just rank them based on what they are worth to you in comparison with each-other. 
  • Third, rank your alternative.
  • Fourth, based on the highest ranked alternative, state your opportunity cost of attending our class face-to-face to the best of your ability.

Reference no: EM133130273

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