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Date: 09/11/2016
Feedback Given By: User_6346
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Project Details
Project Status: Completed
This work has been completed by: phoniextutor
Total payment made for this project was: $25.00
Project Summary: 200 to 300 word. due in 9 hours. read carefully. my choice is going to school instead of working full-time and I am a girl i came from Arabic society . One often-used definition of the term opportunity cost is that it is an alternative something that is given up or not chosen when a choice is made. An example would be the money from working full-time given up by going to school. I suggest using the definition that opportunity cost is in terms of the foregone benefits of the next best alternative that could have been chosen. If the choice is for going to school instead of working full-time, then the opportunity cost would be all the benefits you would enjoy from working full-time in addition to the income you would earn. Using examples from your experiences and what you know, in what manners does the suggested change in definitions offer advantages in evaluating potential outcomes of choices either you or society have to make? How does this help you make better decisions?