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Most of the students stutter to understand what opportunity cost is. This is the reason they require opportunity cost assignment help. Opportunity cost is an important principle that defines the economic condition of a company.
Our opportunity cost market assignment help experts say that opportunity cost is the benefit or cost of a value an individual can let go of while choosing a specific decision.
Opting for our opportunity cost assignment help make you realise that you cannot get everything you want. It is always about making the right choices by eliminating some other.
These examples will help you explain opportunity cost and to understand the opportunity cost definition.
The opportunity cost formula is –
Opportunity Cost = Return on most profitable investment option – Return on investment you choose
For example, if an automobile manufacturer can produce ten trucks, each costing $8000 or 5 buses each costing @12000 every day, he needs to see what is more beneficial. The opportunity cost of choosing buses amounts to $20000 when you calculate the opportunity cost using the opportunity cost formula.
We know, Opportunity Cost = Return on most profitable investment option – Return on investment you choose. So,
Opportunity Cost = $80000 (selling ten trucks for $8000 each) - $60000 (selling 5 buses for 12000 each)
So, the Opportunity cost amounts to $20000.
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Ans - Opportunity Cost = Return on most profitable investment option – Return on investment you choose
Ans - The assignment writer must deliver quality assignments within deadlines and help you understand opportunity cost definition and opportunity cost formula.
Ans - Opportunity Cost arises when you have multiple options before you.
Ans - You could have spent your time watching tv or playing games instead of doing the assignment. You would have lost your productivity which is the opportunity cost here.
Ans - It is the value that you lose while choosing from multiple options.
Ans - It is the potential benefit that someone loses while choosing one from multiple options. It can be of two types. Explicit and Implicit.
Ans - Opportunity Cost = Return on most profitable investment option – Return on investment you choose
Ans - Choosing between strawberry and chocolate smoothie or choosing between manufacturing bikes, cars, or trucks.
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