In 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
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Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics‚ here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words‚ using the same resources such as money and time‚ the best
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Introduction - bars 1-3 Section a - bars 4- 39 Section b - bars 40 - 105 Section b1- bars 106-140 Section a1- bars 141- 157 outro - bar 158 slow fade out Introduction - bars 1-3 Section a - bars 4- 39 Section b - bars 40 - 105 Section b1- bars 106-140 Section a1- bars 141- 157 outro - bar 158 slow fade out Theme B at its first appearance. The mood is much more confident with a loud dynamic and accented notes. Theme B at its first appearance. The mood is much more confident
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2003 Free Response Questions 1. Presidential approval ratings fluctuate over the course of each presidential administration. a. Identify two factors that decrease presidential approval ratings‚ and explain why each factor has that effect. b. Identify two factors that increase presidential approval ratings‚ and explain why each factor has that effect. 2. Citizens often choose to participate in the political process in ways other than voting. a. Identify two forms of participation in the political
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United States of America Land of Opportunity? United States of America is known as the land of opportunity for many immigrants who dare to dream of a better life. Since the beginning of American history‚ United States has focused more about equal opportunity than any other country. There are many people who strongly believe that once they come to the United States it is almost guaranteed to find success. For example‚ my relatives in Korea always ask my parents how much my family has earned so far
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When is telling on someone acceptable: always‚ sometimes or never? It is sometimes acceptable because it can protect others. Not telling on others could hurt others or even you. There are several reason why it is ok to tell on someone. One reason it is ok to tell on someone is because it could protect others. Campus violence is a growing problem in America. In why its ok to rat on other students Warren Goldstein said "To start‚ we need to confront the problem that nearly all our students‚ like our
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“I am someone who…”: 1. “can adapt to any situation. I thrive in a fluctuating environment and I transform unexpected obstacles into stepping stones for achievements.” 2. “consistently innovates to create value. I find opportunities where other people see none: I turn ideas into projects‚ and projects into serial success.” 3. “has a very creative mind. I always have a unique perspective when approaching an issue due to my broad range of interests and hobbies. Creativity is the source of differentiation
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Something like a war The movie is an account of the overzealous effort with which Indian state went for population control in the mid 70`s‚ its consequences and the anguish it caused to millions of Indian women who were ultimately the soft target of the whole exercise. India completes its 60 years of independence in 2007. She is a young nation of one billion plus people with its share of problems. Being a developing nation‚ we have shortage of resources and a large growing population stresses
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Something’s Rotten In Hondo LS 312-02 Ethics and the Legal Environment Kaplan University 5-3-14 INTRODUCTION George‚ the plan manger for Ardnak Plastic Inc.‚ faces an ethical and moral dilemma. The Ardnak Plastic Plant he relocated to be the manager of has environmental problems. Fix the air quality issue at his plant or watch as the plant moves to Mexico. The smoke stakes are releasing too much pollutant into the air to the point the Environmental Protection Agency (EPA) has begun to fine
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List of Recommended Textbooks for: Mechanical Engineering (core courses) Specializations (major prescribed electives) Note: Students are advised to check with Course Coordinator/Lecturer for the latest updates of Textbooks/References FE1008 Computing • H. H. Cheng‚ C for Engineers and Scientists: An Interpretive Approach‚ McGraw-Hill‚ 2009 (ISBN-10: 0073376051‚ ISBN-13: 978-0073376059) FE1073 Introduction to Engineering & Practices • NIL M A0100 Environmental Sustainability • NIL M
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