Real World Analysis - Week 3 - Denise Seals

Real World Analysis - Week 3 - Denise Seals - Name: Denise...

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Name: Denise Seals Email: DeniseSeals@letu.edu Title: Understanding Opportunity Cost Citation: (Derrick, 2009) ______________________________________________________________________ My Reasons for Selecting this Article The reason I selected this article is the ongoing issue people face everyday concerning opportunity cost. Whether a person is consciously or unconsciously making a decision, the outcome simply boils down to, how their decision will it affect their lives and what are they willing to give up. This article gave the best examples and definition of opportunity cost, that anyone reading this article will have a clear understanding. The Author(s) Main Points How do you weigh your opportunity cost to make the best decision? Although you are giving up something, you usually gain a better option that fits your need at that time. Most opportunity cost decisions are based on short run or long run plan for your life, but since most people are not aware of opportunity cost than most decisions
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This note was uploaded on 03/25/2010 for the course MBAC 6605 taught by Professor Smith during the Spring '10 term at Baylor.

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Real World Analysis - Week 3 - Denise Seals - Name: Denise...

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