Imagine and then describe a purchase you might make for which you would consider “opportunity cost.” Explain why you would choose to consider opportunity cost in that situation.
What will be an ideal response?
Since opportunity costs are a combination of a direct outlay of funds, plus
costs that do not involve an outlay of funds, check responses to see whether your students realize that opportunity cost is a combination of factors. Their narrative should show that they are considering opportunity costs because as a wise consumer they want to select the service with the lowest opportunity cost. They should be aspiring to attain economic benefi ts that exceed opportunity costs.
You might also like to view...
¿Cuál es el nombre de la tubería que alimenta los baños ubicados en cada uno de los pisos de un hotel si los baños están directamente uno sobre el otro?
a. Pozo de inspección b. Tubos de bajada c. Tubo de subida d. Lateral
The maximum turbine power output is nearest:
The problems in this mini-exam pertain to the simple Rankine cycle shown. The various variations to this cycle depend
primarily on the temperature and pressure leaving the boiler and the pressure leaving the turbine. The mass flow rate is
20 kg/s.
A) 38.1 MW
B) 32.2 MW
C) 28.4 MW
D) 24.9 MW
BST is a hormone that is very expensive to produce
Indicate whether the statement is true or false
The ____________________ is the back half of an animal.
Fill in the blank(s) with the appropriate word(s).