NO TOPIC Discussion Questions Research Paper Example | Topics and Well Written Essays - 500 words

NO TOPIC Discussion Questions - Research Paper Example He also lost the salary that he could have earned ($120,000) had he chose to stayed in his previous work. Since he was in Africa for two years, he lost $240,000 ($120,000 x 2 years) plus $150,000 savings. In addition he also lost the opportunity to receive additional salary through annual increase and the interest earned by his $150,000 had he invested it somewhere else. Assuming that his annual increase is 5% and the interest income of his $150,000 savings is 10%, his total opportunity cost for his failed venture in Africa are the following Marginal Cost is the additional cost that will be incurred in adding one more unit of an item which in this case is one more ECO/561 class. In the same vein, Marginal Revenue is the additional revenue that will be generated by adding one more ECO/561 class. The  increase  or  decrease  in the  total cost  of a  production run  for  making  one  additional  unit  of an  item. It is computed in situations where the  breakeven point  has been reached: the  fixed costs  have already been  absorbed  by the already produced  items  and only the  direct  (variable)  costs  have to be accounted for. Q#3- Scenario - Assume you are a new analyst hired by UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data   Opportunity costs are those values foregone by choosing another course of action. In my case, my opportunity cost is the salary foregone when I decided to take the course. Along the way, I have to make time to attend class and do my homework which I could have spent working and make money. Opportunity costs are always considered in evaluating strategic opportunities. By quantifying the opportunity cost, or the costs that will be given up by choosing specific alternative, we are able to quantify the costs associated in choosing a specific strategy. This way, we can determine which course of