Why is opportunity cost important

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It is a assignment on opportunity cost - Explain in breif

Explan -What is economic problem - define opportunity costs (best alternative and with examples)

- why is opportunity cost important.

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The assignment is a 1200 words paper on opportunity cost.Microeconomics theory defines opportunity cost as the foregone cost for next best alternative use.It implies if we take up an action, another action needs to be foregone. Economists consider the opportunity cost to assess the economic viability of an action. The paper is organized in APA style.

Reference no: EM131710710

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inf1710710

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inf1710710

12/30/2017 4:10:04 AM

Please remember this while preparing the solution of this assignment The distinction between explicit and implicit costs. Consider an event at work that you company is considering doing, such as a new product, Their opportunity costs of going to school is. Include all implicit and explicit costs of this venture and analyse the value of this project and how the costs will be short run and the long run. Thanks.

len1710710

11/7/2017 7:47:09 AM

It is a assignment on opportunity cost So try to explain in breif And also explan -What is economic problem - define opportunity costs ( best alternative and with examples ). - why is opportunity cost important.the videos you watched, the text, or other appropriate, and relevant literature. • Reply in a scholarly and substantive manner to at least two of your classmates by Sunday, I I:59pm CST at the end of the week. • Post your weekly Reflection. • (5 Points) k

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