What is the opportunity cost of buying new clothes
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Which player is likely to have higher bargaining power: a large, established company shopping around for a new parts supplier.
In this situation, what are your wants and constraints? What does it mean to behave rationally in the face of scarcity?
In this situation, what is your scarce resource? How do you decide how many hours to work?
Your target market is 13- to 15-year-old girls. Describe the promotional mix you will use for your business.
What are some trade-offs you face? What is the opportunity cost of buying new clothes? What are the benefits? How do you balance the two?
It's Friday night. You already have a ticket to a concert, which cost you $30. What is your opportunity cost of playing paintball?
List the benefits of Job A and the benefits of Job B. List the opportunity cost of Job A and the opportunity cost of Job B.
As you think about what to charge your neighbors and whether this idea is worth your effort, what opportunity costs do you need to consider?
Suggest a positive incentive and a negative incentive you could use to improve their productivity.
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