This assignment is for serious economic writers only.
1 As we explore this weeks material, we come across the concept of opportunity cost. We see it illustrated on the Production Possibility Frontier (PPF). Firms and individuals live with and deal with opportunity costs every day. Firms and individuals can pretend opportunity cost doesnt exist by ignoring it, but it will not go away. Provide an example of how you have dealt with an opportunity cost use your professional life, school life and/or your personal life and discuss what the opportunity cost was/is and how you dealt with it. Are you happy with the choice you made?
Please watch the following videos as well.
1.https://www.youtube.com/watch?v=6LIuLAu-KNs&list=RDCMUC_xHLAJ_zqPHkmC2aY2MdcA&index=3
2.https://youtu.be/JCEWQ_cafUs?t=36
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