Category: Opportunity Cost

Tartuffes Tutelage and Chinese Dramas Plot Orgon was so taken in by Tartuffe that he put aside his feelings for his family because he wanted to be under Tartuffes tutelage. He believed that Tartuffe was a soulful, humbled man. The family though is unable to see the great influence of Tartuffe and thinks of him…

The Concept of Opportunity Costs in Business Opportunity cost is the fee of something while a specific path of action is chosen. Opportunity fee is the fee of the next pleasant alternative foregone. If a person starts a brand new business by giving up his earnings of $30,000 according to month then $30,000 might be…

Opportunity Cost: Decision Making in Everyday Life Before taking the macro economics class and completing the four graded discussions I didnt know much about what opportunity cost mean. Now as we headed to the end of the term and studied the topic I have learned a lot and know much more about what opportunity cost…

The Opportunity Cost that I Have Encountered in My Life Economic is the knowledge of how humans making choices in the face of scarcity. We are living in a world that resources are limited and the need of the people are unlimited, the economists are looking for an easy way to allotted sources by opportunity…

Concepts of Wealth Generation and Opportunity Costs After having gone through the two weekly readings, I have gained a basic level of familiarity with the fundamental concepts and terms introduced in the readings. Based on my understanding, I have selected two topics  one each from the two weeks  wealth generation and opportunity costs,…