PGDM12F004‚ Class Serial No- 4. Economics Assignment- Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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demands Bengali as one of the state language of Pakistan. The Secretary of the Majlis‚ at that time a Professor of Physics in Dhaka University‚ [Abul Kashem] was the first person to convene a literary meeting to discuss the State Language issue in the Fazlul Huq Muslim Hall‚ a student residence of Dhaka University. Supporters and sympathizers soon afterwards formed a political party‚ the Khilafate-Rabbani Party with Abul Hasim as the Chairman. (-- Talukder Maniruzzaman) November 1947 In Karachi
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Getting Involved In Premarital Sex at Teenage Life Myla L. Arpon MW 2:30-4:00 Prof. Buhain Chapter 1 THE PROBLEM AND IT’S BACKGROUND This promoted the proponent to conduct the study of getting involve in premarital sex at teenage life. Premarital sex is a huge problem in society today. In the Phillipines‚ only one in ten married‚ 15 to 19 years old engaging in sex use contaception. There is also a high risk of contracting a sexually transmitted
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Opportunity costs The first opportunity cost that I made was choosing to enroll in a university that offers online courses or going to a traditional university that only has classroom style learning. The pros of attending online for me included not having to commute back and forth 40 additional miles per day‚ not having to hire a babysitter for my child‚ and I’d be in the comfort of my own home or environment to my liking when I studied. The cons included‚ not having that social connection to my
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microeconomic theory‚ the opportunity cost of a choice is the value of the best alternative forgone‚ in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made‚ it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.[1] The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen"
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Getting to Know You In the summer before 7th grade I broke my right wrist and I didn’t know if I would be able to play football‚ so I went talk to my great grandma and she told me to keep my head up and not to worry because I would be ready… My life has been full of events that have helped me develop goals and values. The week before 7th grade started I got my cast on my right wrist off and we started try-outs and I went in thinking I got it‚ but I struggled and it was bad I did so bad
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“ 45 lessons ” life taught me. This is something we should all read at least once a week!! Please‚ make sure you read to the end. 1) Life isn’t fair‚ but it’s still good. 2) When in doubt‚ just take the next small step. 3) Life is too short to
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Holder GLD2O0–P 06 March 2028 Getting to Know You It takes time to learn about anything important – especially if it’s about you. There are many aspects of yourself that you may never know about until they are clearly emphasized and broadcasted. Learning about yourself can be challenging at times‚ when you aren’t able to see what truly defines you as a person. It takes quite a bit of time and experience to fully grasp the concept of who you are and what you can become‚ and it is a humbling
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Important Things to Know About Before Getting a Tattoo Lori Porter Axia College of University of Phoenix Tattoos are a wonderful way of expressing ones individuality‚ but people need to think about all the ramifications of getting a tattoo before they get it. Serious problems can arise from making this decision without consciously thinking it through. “Tattoos are fast becoming a mark of the 21st century‚ with one quarter of those under the age of 30 adorning their skin with at least
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