The cost of what you didn't do: opportunity cost

Related BrainMass Solutions

• All about opportunity cost

  490296 All about opportunity cost What is an opportunity cost? Why do economists consider opportunity costs?

• Accounting Versus Economic Profit

  What major items did he exclude from his costs from an economic standpoint? Hint: opportunity cost c. Suppose Joe could have earned 10% interest if he, instead of buying the store and merchandise, invested the $30,000 in the bank.

• Out-of-pocket and opportunity costs applied to finances

  Opportunity cost, on the other hand, is a cost you didn't pay but that which you would have paid if you had selected a second option for a product or service. Said differently, it is the cost of passing up the next best choice.

• What are some examples that lead to economic profit or loss, but not necessarily a recognizable event for accounting purposes?

  In Economics, The opportunity cost of anything is the next best alternatives that could be produced instead by the same factors, costing the same amount of money. The opportunity cost thus are the costs of sacrificed alternatives.

• What McDonald's Corp. reduced the price of its Big Mac by 75

  It didn't. Within two weeks sales had fallen. Using your knowledge of game theory, what do you think disrupted McDonald's plans?

• This post discusses taking an HR position with increased pay

  Other things I would consider: - What is the opportunity cost involved? What am I giving up currently, to accept the position? - What do I know about the company? Do they seem to have many disgruntled current and former workers?

• This post addresses costs, cost pools and cost drivers.

  An opportunity cost is always the cost of the alternative that was given up in exchange for what was decided.

• Nova Scotia General and Investment

  b) If the opportunity cost of equity stays at 10 percent when common stock is employed, what is the new market price per share? c) If bonds are used, the opportunity cost of equity capital increases to 12 percent.

• Incurring economic profit or loss

  In Economics, The opportunity cost of anything is the next best alternatives that could be produced instead by the same factors, costing the same amount of money. The opportunity cost thus are the costs of sacrificed alternatives.