posted by Mizzy Kay on .
We make choices as consumers every day. Opportunity cost is defined as a person’s "next best alternative" or "the cost of what you give up when you make a choice."
Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your "next best alternative"?
How would you like us to help you with this assignment?
Answer the question the way it is.
Since I retired almost 15 years ago as a teacher, so I've made no "recent decisions" about my career.
Fifteen years ago I decided to retire. I gave up income and increased credits for my pension.
My next best alternative was to work as a substitute teacher to continue earning some income.
Just a minute! Please understand that this is a HELP site, after you DO what you can. Please do not ask us to answer YOUR homework questions. How do we know what decisions you have made?