Thursday, May 2, 2019

Opportunity cost direct and indirect cost.&marginal cost, average cost Assignment

Opportunity apostrophize direct and indirect follow.&marginal hail, average cost and sunk cost - Assignment ExampleForegone opportunity cost is the cost of the discarded cost choice, the $50 bring (McEachern 30).Q2. Last month, I was on a pondering mood. I had to scrutinize a sunk cost obstacle. A sunk cost is cost that had been previously used or paid, not recoverable (Mankiw 262). collect and analyzing the gym cost facts paid Last August 2012. The average activity cost was higher than the marginal cost. Marginal cost is higher than the basic cost. The cost is also known as incremental cost (Geetika384). I paid only $25 for one months unlimited use of the Gym. On the other hand, the average activity cost was $ 5 for each class. The average activity cost is the call back of all the relevant total activity costs (Taylor 214). Since I projected to attend 28 classes in one week, the total cost summed up to $ 140. Consequently, $140 is definitely higher than the $25

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