Extreezy
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| Joined: 05 May 2013 |
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| 04 Jan 2017 05:49 PM |
Extreezy decided to play a tycoon on ROBLOX, he had a choice between 5000 cash, he only had enough for 1 major decision the roof or the next dropper they both cost 5000, if he would've chosen the roof what is his opportunity cost?
Answer:
Copy and paste, fill in your answer on the "Answer:" |
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Extreezy
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Extreezy
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| Joined: 05 May 2013 |
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Extreezy
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| Joined: 05 May 2013 |
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Extreezy
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We2fab
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| Joined: 26 Jan 2014 |
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| 04 Jan 2017 05:57 PM |
the Answer has to be $-5000 right?
https://forum.roblox.com/Forum/ShowPost.aspx?PostID=206403429 |
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Extreezy
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Extreezy
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| 04 Jan 2017 05:58 PM |
| Were talking abut economics not numbers |
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| 04 Jan 2017 05:58 PM |
| you're broke thats the answer |
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We2fab
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| Joined: 26 Jan 2014 |
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| 04 Jan 2017 05:59 PM |
WAIT whats the intrest rate tho..
https://forum.roblox.com/Forum/ShowPost.aspx?PostID=206403429 |
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We2fab
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| 04 Jan 2017 06:00 PM |
opportunity rate needs to have the interest and set amount of years... didnt u know that xD
https://forum.roblox.com/Forum/ShowPost.aspx?PostID=206403429 |
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Extreezy
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| 04 Jan 2017 06:23 PM |
| Not opportunity rate, opportunity cost. |
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awiton
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| 04 Jan 2017 06:25 PM |
| The answer is "i like to move it move it" |
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We2fab
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| 04 Jan 2017 06:25 PM |
YEA BUT OPPORTUNITY COST NEEDS A INTEREST RATE DIDNT U GO TO SCHOOL
https://forum.roblox.com/Forum/ShowPost.aspx?PostID=206403429 |
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Extreezy
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| 04 Jan 2017 06:29 PM |
THE INTEREST RATE HAS NOTHING TO DO WITH OPPORTUNITY COST
The opportunity cost is the dropper because Extreezy didnt have enough money for both. Lol |
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We2fab
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| 04 Jan 2017 06:30 PM |
Deffinition the loss of potential gain from other alternatives when one alternative is chosen. "idle cash balances represent an opportunity cost in terms of lost interest"
https://forum.roblox.com/Forum/ShowPost.aspx?PostID=206403429 |
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awiton
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| 04 Jan 2017 06:30 PM |
| ############################################### |
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Extreezy
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| 04 Jan 2017 06:31 PM |
| Look up the definition on "Opportunity cost" please lol |
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We2fab
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| 04 Jan 2017 06:32 PM |
lol im using the definition as an example to show u that opportunity cost has interest involved
https://forum.roblox.com/Forum/ShowPost.aspx?PostID=206403429 |
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Extreezy
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| 04 Jan 2017 06:33 PM |
""Deffinition the loss of potential gain from other alternatives when one alternative is chosen. "idle cash balances represent an opportunity cost in terms of lost interest""
Yeah the lost of his choice, he bought the roof instead of the dropper, his opportunity cost is the roof because he didn't have the limited resources for the dropper
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| 04 Jan 2017 06:33 PM |
If the roof is a decorational...
Buy the dropper :l |
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Extreezy
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| 04 Jan 2017 06:34 PM |
| If you know what you're talking about then why did you say 5000?? |
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