The concept of opportunity cost

Reference no: EM13686081

The concept of opportunity cost:

1. Estimate the opportunity cost of taking this class. Include direct expenditures such as tuition, books, and supplies, as well as indirect expenditures such as the value of the time spent in class. Don't forget to include the opportunity cost of time spent preparing for class and studying for exams

2. Compare your opportunity cost calculation with those of a classmate. What factors cause the opportunity costs to vary?

Reference no: EM13686081

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