Describe the concept of opportunity cost with example

Assignment Help Business Economics
Reference no: EM13735293

Describe the concept of opportunity cost with example. What would be your opportunity cost of taking on-line classes to get a degree at your University as compared to taking classes at traditional day schools at your University? Give examples in your answers.

Reference no: EM13735293

Questions Cloud

Coordinate fiscal policies and increase government spending : Following the collapse of systemically important banks in 2008, were the G-20 group of countries right in early 2009 to coordinate their fiscal policies and increase government spending? How would you distinguish the effect of such a policy on (i) co..
Deflation in italy and the euro zone : The Euro zone fell into deflation in October (see Chart): prices fell by 0,2 % . Italy has experienced deflation for a few months. Unemployment in Italy is over 13% with youth unemployment 43.9% Contractionary policies in Italy have led to a fall in ..
Perfect competition is a market environment : Perfect competition is a market environment with following features-
Suffering annual losses of taxable properties-property value : Smallville is suffering annual losses of taxable properties and property values of 1% each. Even so, Smallville must maintain its tax collections at a constant value of $3.2 million to maintain services. What is the required rate of increase in the t..
Describe the concept of opportunity cost with example : Describe the concept of opportunity cost with example. What would be your opportunity cost of taking on-line classes to get a degree at your University as compared to taking classes at traditional day schools at your University?
In the market for widgets two firms sell identical products : In the market for widgets, two firms sell identical products, compete by choosing the price at which they sell their product, and choose their prices at the same time. What will the equilibrium price and quantity be relative to what would occur if th..
Repay the loan by making equal monthly payments : You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?
What quantity will they produce-what price will they charge : Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
Minimum selling price for the bond : You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semi-annual interest payment. The bond rate is 6.6% per year payable semi-annually. You plan to hold the bo..

Reviews

Write a Review

Business Economics Questions & Answers

  What students receive in exchange for the books

The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.

  Draw a set of indifference curves that would make it optimal

Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.

  Utility maximization considering consumer behavior

Discuss the approach of utility maximization considering consumer behavior. Do you know the examples that confirm this theoretical point of view? Emphasizing how knowledge of the theory an contribute to the better understanding of life situations peo..

  Demonstrate graphically the cost of income taxation

Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908?

  Calculate gross national product and net national product

Calculate gross national product and net national product

  Q1 in the short run the interest rate parity model is

q1. in the short run the interest rate parity model is considered to be important in determining the expectations about

  Rather than on the quantity demanded of other goods

As a general rule, is it safe to assume that a change in the price of a good will always have its most significant impact on the quantity demanded of that good, rather than on the quantity demanded of other goods? Explain.

  1 two investments have the following expected returns net

1. two investments have the following expected returns net present values and standard deviation of returnsproject

  Explain how this job loss affects john consumption

John Smith expected income in period two is unchanged. Illustrate graphically explain how this job loss affects John's consumption in periods one and two.

  Communities growing closer together

Do you see our communities growing closer together or further apart. One page double spaced.

  Justify consumers often identify brand names with quality

Consumers often identify brand names with quality. Do you think branded products usually are of higher quality than generic products and therefore justify their higher prices

  Decreasing the share of recreation and education

Statistics Canada has recently adjusted the CPI basket of goods and services by increasing the share of shelter in total expenditure from 25.7 to 27.5 percent, and decreasing the share of recreation, education, and reading from 13 to 11.8 percent. Wh..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd