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

  How many firms are in this industry when it is in long run

what was equilibrium price of a box. Is this long run equilibrium price. how many firms are in this industry when it is in long run equilibrium.

  The steepness of an indifference curve indicates

The steepness (slope) of an indifference curve indicates which of the following?

  Services purchased by the government of numidia

Illustrate what is the value of goods and services purchased by the government of Numidia.

  Downward-sloping demand curve

Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.

  Acquire the most profit per unit

A farmer determined a natural gas preserve on his property.

  Financial statements are an important product of the account

Financial statements are an important product of the accounting process. Provide an example of an external user. How could he or she be harmed by fraudulent and unethical financial statements?

  Q1 the average variable cost per acre planted with wheat

q1. the average variable cost per acre planted with wheat was 107 per acres. assuming a yield of 50 bushels per acre

  Explain labor supply function

Nurses are used by the clinic to provide clinic visits. Each visit brings $2 in avenue for the clinic. The relationship between nursing units and clinic visits is as follows: The following is a labor supply function:  Wage per hour  Quantity of Nu..

  Which basket of goods and services selected to calculate cpi

Suppose a basket of goods and services has been selected to calculate the CPI.

  Discuss how the distribution of income among various groups

Discuss how the distribution of income among various groups of income earners have changed in this country during the past 50 years. In your opinion, do we need to initiate any policy to address the distribution of income?

  By how much has national income y change

disposable personal income decreases by $50 billion and trade deficit is reduced by $15 billion. By how much has national income (Y) change.

  Competitor from changing its output

The client would like to know what output level should it select that will keep the competitor from changing its output.

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