Identify the highest valued alternative courses

Assignment Help Microeconomics

Reference no: EM13223149

One of the lessons of economics is that "there is no such thing as a free lunch."
That means that businesses, consumers and whole societies face tradeoffs whenever they make a decision.
Explain a decision that you have made at work or concerning your career.
Identify and explain the tradeoffs you faced.
List the alternatives, identify the highest valued alternative, and explain the particular course of action you chose.

Reference no: EM13223149

Questions Cloud

Explain how a linear sequence of amino acids : Describe how a linear sequence of amino acids gives rise to the three-dimensional structure of proteins. Detail the significance of this structure, how it may be modified, and the results of such modification

How to maximize revenues from sales of the highlander : you are a division manager at toyota. If your marketing department estimates that the semiannual demand for the highlander is Q=100000-1.25P, what price should you charge in order to maximize revenues from sales of the highlander

Explain liquid water as a product : The higher heating value (HHV) of a fuel is its standard heat of combustion at 25 C with liquid water as a product; the lower heating value (LHV) is for water vapor as product.

What is the workstation cycle time : Balance the line so that only four workstations are required. Use whatever method you feel is appropriate.

Identify the highest valued alternative courses : One of the lessons of economics is that "there is no such thing as a free lunch." That means that businesses, consumers and whole societies face tradeoffs whenever they make a decision. Explain a decision that you have made at work or concerning your..

Explain the rate constant for a certain reaction : The rate constant for a certain reaction is = 2.90×10?3 . If the initial reactant concentration was 0.500, what will the concentration be after 19.0 minutes?

Did martha stewart commit the crime of insider trading : Did Martha Stewart commit the crime of insider trading when she sold her InClone shares on December 27, 2001?

What is michelles opportunity cost of producing potatoes : Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200..

Should same sex marriages be legalized in all fifty states : Should Same Sex Marriages Be Legalized in All Fifty States

User Account

All Pages