What is meant by the term opportunity costs

Assignment Help Other Subject

Reference no: EM13158110

What is meant by the term opportunity costs when evaluating from different projects?

For example, the opportunity cost of going to college is that you might not be able to pursue a 2nd job to earn money. This is a short term financial hit, but in the long-term you will earn more money. Can you give us another example?

Reference no: EM13158110

Questions Cloud

Amount of depletion per ton : Intangible development costs total $120,000. After extraction has occurred, Balcom must restore the property (estimated fair value of the obligation is $60,000), after which it can be sold for $170,000. Balcom estimates that 5,000 tons of coal can..

Release of claims against the company : The employee alleges the he was offered a month's severance pay in exchange for a release of claims against the company. The employee alleges he was never told why he was being fired and thinks it was because he is Irish. He claims discrimination ba..

What quantity would they choose : what quantity would they choose? If the oligopolists do not act together but instead make production decisions individually.

Inquiries of management : Additionally, discuss what you learned about planning an audit and how this was applied in the Apollo Case Study, including results of the planning procedures performed as part of your Apollo assignment. What areas or items did you note that will ..

What is meant by the term opportunity costs : What is meant by the term opportunity costs when evaluating from different projects?

How might advertising make markets less competitive : How might advertising make markets less competitive? How might it make markets more competitive? Give the arguments for and against brand names.

What category of classification is the word marmota : The scientific name of the woodchuck is Marmota monax. What category of classification is the word Marmota?

Calculate the hydrogen-ion concentration : Calculate the hydrogen-ion concentration [H+] for the aqueous solution in which [OH-] is 1 x 10-11 mol/L. Is this solution acididc, basic, or neutral?

Processes of american government : Create a 4-slide PowerPoint presentation that demonstrates your insights into concepts, principles, and processes of American government.

User Account

All Pages