Αποτελέσματα Αναζήτησης
In contrast to direct cost, which is the price of something, opportunity cost is the value of what we give up when we choose something else (i.e. when choosing to purchase 2 CDs instead of a book, the value of the book is the opportunity cost).
Complete the quiz and head over to the related lesson, How to Calculate Opportunity Cost. The lesson covers the following objectives: Explore the opportunity cost equation
Calculate the opportunity costs of an action. It makes intuitive sense that Charlie can buy only a limited number of bus tickets and burgers with a limited budget. Also, the more burgers he buys, the fewer bus tickets he can buy.
Microeconomics. If the economy represented in Figure 2.2 is presently producing 12 units of Good B and zero units of Good A: The opportunity cost of increasing production of Good A from zero units to one unit is the loss of _______ unit(s) of Good B.
These worksheets provide a hands-on approach to understanding the concept of opportunity cost, allowing students to analyze various scenarios and make informed decisions about the best course of action.
Introduction and Description. This lesson deals with opportunity cost, one of the most important concepts in economics. Start with a lecture on scarcity and production possibili-ties curves. Then reinforce the lecture by using Activity 2, which develops the central economic problem of scarcity.
What Is Opportunity Cost? Practice Questions. 1. It takes you half an hour to do a math assignment and two hours to do a micro assignment. What is the opportunity cost of you doing two math assignments? a. 1/2 micro assignments. b. 1 micro assignment. c. 2 micro assignments. d. 4 micro assignments. 2. Jenn won a free ride to four years of college.
