Opportunity cost

Related BrainMass Solutions

• Opportunity costs - fixed or variable?

  Next you need to evaluate the opportunity cost associated with the organization and decide if those opportunity cost are fixed, variable, both, or neither. What are opportunity costs? Determine if the costs are variable, fixed, both, or neither.

• Opportunity Cost

  239266 Opportunity Cost Define the term "opportunity cost."

• Macroeconomics: Opportunity cost

  Number of alternatives: 2 ($500 work at home, - $800 Costa Rica trip) Cost of selected Alternative = -$800 Cost of Next Best Alternative = $500 Opportunity Cost = Cost of Selected Alternative - Cost of Next Best Alternative Opportunity Cost

• Opportunity cost

  The opportunity cost of going to the movie is studying for the test. b. The opportunity cost of going to the party is the movie. c. The opportunity cost of going to the party is both the movie and the study time. d.

• Economic profit and opportunity costs

  Opportunity cost The opportunity cost or alternative costs are the returns from the second best use of the organization's resources or here in this case the individual's capability.

• Business help: Opportunity cost

  Which one of the following is an example of an opportunity cost 1.

• Opportunity cost & make or buy decisions

  466845 Opportunity Cost & Make or Buy Decisions How does opportunity cost enter into the make or buy decision? What would be an example of a decision that you might make in your personal life that would involve an opportunity cost?

• Opportunity Cost Illustrated

  42443 Opportunity Cost and Alternative Choices We make choices as consumers every day. Opportunity cost is defined as a person's ''next best alternative'' or ''the cost of what you give up" when you make a choice.

• Out of Pocket

  Therefore the opportunity cost of a quintal of wheat is the amount of output of potatoes given up.