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Author Question: The concept of opportunity cost (Read 117 times)

cherise1989

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on: Apr 19, 2019

Question 1

You have decided that you want to attend a costume party as Iron Man. You estimate that it will cost $40 to assemble your costume. After spending $40 on the costume, you realize that the additional pieces you need will cost you $25 more. The marginal cost of completing the costume is


◦ $15.
◦ $25.
◦ $40.
◦ $65.

Question 2

The concept of opportunity cost


◦ is relevant only to economics.
◦ can be applied to the analysis of any decision-making process.
◦ applies to consumers but not to firms.
◦ refers only to actual payments and incomes.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cherise1989 on Apr 19, 2019

lgoldst9

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cherise1989

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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