Opportunity cost is defined as “the amount of other products that must be foregone or sacrificed to produce a unit of a product.” Another way to look at it is the value of the activity which is the next best use of your time. This exercise will ask you to relate this concept to decisions you make.Post your responses to the following questions in the Opportunity Cost discussion forum:What would you be doing with your time and energy if you were not taking this class? Explain the other activity in some detail. How do you value the cost of not doing the other activity? Be explicit in defining the costs associated with each activity. Put a value on each element. For example, I am trying to decide if I should go to a football game with the guys. I have an idea of the cost of the tickets, transportation, and the food and beverage. I clearly have the benefit of the enjoyment of the game. However, this is not all that needs to be considered. If I did not go to the game, what would I be doing? Well, I could take my wife out for dinner. How much value do I give to going out on a date with my wife? Or, I could spend time earning income. NOTE: Be careful, you cannot do everything. You must select the next best thing you would do with your time, energy, money. Once you have evaluated both uses of your time, are you still going to go to the game or are you going to take your wife to dinner? Now think of your own story about a tradeoff you have had to make, or will need to make in the future.After you have posted your response review the posts of your other classmates. Respond to at least two of them (preferably to those who have not yet received responses), by identifying elements that perhaps the original posting may have overlooked or some considerations that should have been taken into account.
We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.
Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.
Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.
Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.
Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.
Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.
We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.
Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.
You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.
Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.
Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.
From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.
Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.
Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.
You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.
You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.
Join us for the best experience while seeking writing assistance in your college life. A good grade is all you need to boost up your academic excellence and we are all about it.
We create perfect papers according to the guidelines.
We seamlessly edit out errors from your papers.
We thoroughly read your final draft to identify errors.
Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!
Dedication. Quality. Commitment. Punctuality
Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.
We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.
We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.
We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.
We promise you excellent grades and academic excellence that you always longed for. Our writers stay in touch with you via email.