Your Perfect Assignment is Just a Click Away

Starting at $8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

glass
pen
clip
papers
heaphones

Opportunity costs: Step 1: Read the articles.

Opportunity costs: Step 1: Read the articles.

 

Opportunity costs

Step 1: Read the articles. These articles contain examples of calculating opportunity costs. You will follow these examples to answer one of the questions listed at the bottom of the topic.

1)       1)  The opportunity cost of buying iPhones and Cronuts

By Ben Walsh, September 2013

http://blogs.reuters.com/ben-walsh/2013/09/20/the-opportunity-cost-of-buying-iphones-and-cronuts/

2)  The potential economic costs of Tropical Storm Harvey: Explained

by Nathaniel Meyersohn, August 26, 2017

http://money.cnn.com/2017/08/25/news/harvey-costs/index.html

3)  Unpaid internships offer valuable experience, but only for those who can afford it.

http://chicagomaroon.com/2012/04/13/opportunity-cost/ by Dillon Cory – Apr 13, 2012

4)   8 Chores That Aren’t Worth Your Time (So Outsource Them!)

https://www.aol.com/article/finance/2014/06/16/chores-not-worth-your-time-outsource-them/20912544/     by Hank Coleman – June 16, 2014

5)  Paying for Health care with time

http://news.harvard.edu/gazette/story/2015/10/paying-for-health-care-with-time/

6)  It Costs You $43 to Sit Around the Doctor’s Waiting Room

http://time.com/money/4063039/time-money-doctor-visit-healthcare/

7) What is the Value of Exercise? 2,500   by Gretchen Reyholds, Sep 7, 2016.

https://www.nytimes.com/2016/09/07/well/move/whats-the-value-of-exercise-2500.html

8) Listen Planet-Money:

Episode 386: Cost of Free Doughnuts

https://www.npr.org/2020/01/08/794592539/episode-386-the-cost-of-free-doughnuts

You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates. You are encouraged to respond to other students as well as to your instructor.

Step 2: Please choose one case to answer the question from the list below. 

  1. You are standing in line. Think about what you would be doing if you are not in this line. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing (not all of them) if you are not in this line, determining the opportunity cost requires only knowing the one thing you would be doing. Calculate (in $$$) your opportunity costs of standing in line.
  2. Think about what you would be doing if you weren’t in class. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing (not all of them) if you were not in class, determining the opportunity cost requires only knowing the one thing you would be doing. Calculate (in $$$) your opportunity costs of sitting in class.
  3. The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. What are your opportunity costs of going to college? Calculate (in $$$) your opportunity costs of going to college.
  4. Discuss the opportunity costs of natural disasters. Create your own example of the opportunity costs of natural disaster. Calculate (in $$$) opportunity costs of natural disaster.
  5. Discuss the opportunity costs of your visiting the doctor’s office. Calculate (in $$$) your opportunity costs of your visiting the doctor’s office.
  6. Read the articles and create your own example of opportunity costs. Your ideas should be supported by calculation (in $$$) of opportunity cost
    Step 3: Reflection – the students also should include a paragraph in the initial response in their own words, using microeconomic terminology, reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.

"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Our Service Charter


1. Professional & Expert Writers: Ace Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Ace Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Ace Papers is known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Ace Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.