Which of the Following Is an Example of Opportunity Cost

Opportunity cost Return on the option not chosen - Return on chosen option. Lost wages due to continuing as a full-time student d.

Students Explore Economic Choice And Opportunity Cost Students Are Given A Choice To Make Between Social Studies Worksheets Opportunity Cost Economic Choices

Entrepreneurship versus steady job.

. Lowering taxes by increasing depreciation expenses Money spent on advertising to take advantage of opportunities in the market Rental income likely to be lost by using a vacant building for an upcoming project Dividend payments Sales revenue lost due to new competitors entering the market. Which one of the following isare an example s of opportunity cost. Which of the following is an example of an opportunity cost.

A The benefit you receive from watching the movie B The 10 you spent on the ticket C The time you could have spent studying your economics D Both b c 13. ANSWER- OPTION A and D EXPLANATION- Examples of opportunity costs are as follows. Her opportunity cost of working is a.

If you want to accept a job that pays 35000 per year and leave your current job that pays 32000 annually the opportunity cost would be. Venya and Kari own a flower shop that specializes in custom bouquets. When Laura must decide whether to produce a few additional printers she is choosing at the margin when she compares A the total revenue from sales of printers to the total cost of producing all the printers.

When the government spends 15 billion on interest for the national debt the opportunity cost is the programs the money might have been spent on like education or healthcare. A quitting your job to go to universityb using a piece of land that you owned to build a house c spending time caring for an elder in your family instead of working d All of the above are examples of opportunity costs. Higher earnings on savings that must be kept on deposit a minimum of six months c.

You might also have food in the fridge that gets ruined and that would add to the total cost. A The nap a student could have enjoyed if he had not attended class. Selling Stocks now and 2 months later.

C Because Mary is now. Interest lost by using savings to make a purchase b. Using a personal computer for financial planning.

The enjoyment she would have received had she gone to the park. If you decide not to go to work the opportunity cost is the lost wages. She earns 20 per hour for overtime work.

The correct answer was given. What are some other examples of opportunity cost. Top 7 Examples of Opportunity Cost.

Which of the following is an example of an opportunity cost to seeing a movie. Basically opportunity cost is the cost incurred by not enjoying the benefit associated with the best alternative choice. C The party a student could have enjoyed if he had not stayed in to study for his exam.

The opportunity cost is having the electricity turned off having to pay an activation fee and late charges. Opportunity cost refers to the value of what you have to give up in order to pick something else. The income that could have been earned by working full-time instead of going to college.

The company owner has been presented with the opportunity to move the company to another location and lease the building that is owned by the company. Below is the list of examples of Opportunity Costs. Melody decides to spend three hours working overtime rather than going to the park with her friends.

You decide to spend 80 on some great shoes and do not pay your electric bill. The tuition fees paid to a university. A student spends three hours and 20 at the movies the night before an exam.

Example 1 Accounting Profit and Economic Profit The following information pertains to the recent financial year for. The following is an example of using opportunity cost in business. Saving money instead of taking a vacation c.

59 60 Laura is a manager for HP. The 60 minus the enjoyment she would have received from going to the park. The leisure time sacrificed to study for an exam.

B By choosing to attend college Jean was not able to continue working as an electrician. Organizing income tax records d. The 60 she earns working.

Therefore from the above case if I take another job I will have more money but less time to spend with my family. Which of the following is an example of opportunity cost. The opportunity cost is time spent studying and that money to spend on something else.

An example of a personal opportunity cost would be. B the extra revenue from selling a few additional printers to the extra costs of producing the printers. Austins total fixed cost at the bakery is 3000 a month.

The decline in the grades of a student athlete that occurs because she decides to spend more time practicing sports than on her academic work. Opportunity cost -3000. Option B is wrong because the.

Renting an apartment near school b. Presumably the present sacrifice yields a future benefit of better health and more enjoyment of leisure activities since he will be in better physical condition. A Because David used all of his vacation time to paint his house he was unable to visit the Caribbean last year.

Opportunity cost 32000 - 35000. All of the following are examples of opportunity cost except. Which of the following is an example of opportunity cost.

The income which could have been earned by a college student had he or she worked full time instead of attending college. B The money a student could have earned by working if he had not gone to college. Amir only has time to study or to play basketball.

Which of the following is an example of opportunity cost. B Saving money instead of taking a vacation. Wanting to expand into selling potted plants they create a production possibility chart to asses whether the potted plants are a good idea.

Which of the following illustrates an opportunity cost. 54 Which of the following is NOT an example of an opportunity cost. Up to 256 cash back Which of the following is not an example of the opportunity cost of going to school.

You invested 2000 at 5 percent compounded annually. The opportunity cost is the drink and hot dog. The following Opportunity Cost Examples provide an outline of the most common Opportunity Cost.

Option A is accurate because the cost of production components for a given product is an example of opportunity cost. It is the gain that someone foregoes when they choose one choice over another. A company owns the building that it works in.

For Frank the opportunity costs are the alternative uses of time spent now working out and the forgone pleasure of consuming foods that are not part of the diet. Paying off debt Versus Spending on Welfare by the government. Purchasing automobile insurance e.

C HPs printers to printers from. As a result she gave up more than 85000 in earnings while she was in college.

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