O/C ASSIGNMENT Calculate the Opportunity Cost (O/C) of completing ECON1 successfully for SPRING 2021? Everything needs to be expressed in $ amounts. (You cannot add $ to the number of hours, hours need to be converted into $) This Opportunity cost (O/C) FOR ECON 1 should include the obvious cost (E. g. Book, Tuition, etc) and hidden cost (value of your time: how many hours per week * 12 weeks: What you will be doing and what it will be worth to you. E. g. Hidden cost is the O/C of time: what kind of uses of your time, e. g. let's say you spend 100 hours (In 12 weeks) to finish the Econ 1 class successfully. What else could you have done in these 100 hours and how much was that worth to you in $. E. g work for 100 hours , so you multiply with the wage rate. OR It could be 20 hrs of work, 20 hours of sleep, 20 hrs spent with your family and so on. How much is each hour worth, e. g. time spent with family $100 per hour. So 20 * $100 = $2000 and so on.

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying