Question
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."
Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your "next best alternative"?
Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your "next best alternative"?
Answers
Ms. Sue
How would you like us to help you with this assignment?
Mizzy Kay
Ms. Sue,
Answer the question the way it is.
Answer the question the way it is.
Ms. Sue
OK.
Since I retired almost 15 years ago as a teacher, so I've made no "recent decisions" about my career.
Since I retired almost 15 years ago as a teacher, so I've made no "recent decisions" about my career.
Ms. Sue
Fifteen years ago I decided to retire. I gave up income and increased credits for my pension.
My next best alternative was to work as a substitute teacher to continue earning some income.
My next best alternative was to work as a substitute teacher to continue earning some income.
SraJMcGin
Just a minute! Please understand that this is a HELP site, after you DO what you can. Please do not ask us to answer YOUR homework questions. How do we know what decisions you have made?
Sra
Sra