Question about economics in global environment

Reference no: EM1375889

We make selections as customers every day. Opportunity cost is defined as a person's next best option or the cost of what you give up when you make a choice.

Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your "next best alternative"?

For this DB assignment clearly identify you next best alternative because the cost of a decision is the net benefits of the next best alternative. Discuss the difficulty in making decisions as well as the different approaches we cant take to determine the "optimal decision." There are no right and wrong answers but there can be "good and bad explanations.

Reference no: EM1375889

Questions Cloud

Elucidate how many cans of cat food should cli order : LI uses the economic order quantity as their fixed order size. Suppose the opportunity cost of capital also all other inventory cost is 15percent annually also that there 50 weeks in a yr. Elucidate how many cans of cat food should CLI order at a ..

Impact of 9/11 on the american economy : Assess The Impact of September 11, 2001 on 4-section of American Economy. Examine the effects upon selected four segments of the American economy as a result of these attacks

How engineered fabrics makes bladders for airplane tanks : To check the bladders, organizations workers must be able to crawl in an 18-inch diameter hole in the bladder side also look for light leaks. A limitation on weight also height of individuals working in quality control at this organization would b..

Determining the payoff structure : You inherit a package of call options on a stock currently selling for fifty three dollar. In a year, the stock could sell for anywhere between $40 and $80.

Question about economics in global environment : We make selections as customers every day. Opportunity cost is defined as a person's next best option or the cost of what you give up when you make a choice.

Economics in global environment : Suppose You have been employed by an unprofitable company to determine whether it should shut down its unprofitable operation.

Relationships between the economic concern : As an worker of World Bank, you have been tasked to research one economic concern in an Asian nation and write a report on your findings.

Discuss how liquidity money curve derived : Discuss how is the liquidity money (LM) curve derived and determine what impacts it and how does it impact the global economy? Provide examples and support your claims.

Illustrate what kind of behaviour controls best facilite : Illustrate what kind of behaviour controls will best facilitate positive interactions both within the teams also among the teams.

User Account

All Pages