What have you learned about opportunity cost

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Reference no: EM133454343

Questions: The concept of opportunity cost is relevant to our daily lives. Whenever we make a decision, we have to consider what we are giving up or what would we have decided to do instead. You will now be able to articulate your own thoughts and ideas about opportunity cost. Since you decided to enroll in this course (or program), you have given up something else (earn wages, spend time with family/friends etc..), you will reflect on your decision using the concept of opportunity cost. What costs and benefits have you considered? What have you learned? What new insights have you gained from this concept?

Technical Requirement:

Pages: minimum 1 page, maximum 2 pages
Font: Times New Roman size 11
APA format or HBS for references
Minimum of 2 references
Guiding Questions

Objective questions:

What have you learned about opportunity cost?

Reflective questions:

Did you consciously use the concept of opportunity cost before you enrolled in this course or program? What was your thought process like? What costs and benefits have you considered? How did you end up making that decision?
Interpretive questions:

What new insights do you now have? Has your decision to enroll in a course or program changed?

Decisional questions:

How will you apply the concept of opportunity cost in making future decisions?

Reference no: EM133454343

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