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Re: Off Topic Quiz!! [Economics for ROBLOX]

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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
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 is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 05:50 PM
b
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Samburgers is not online. Samburgers
Joined: 02 Jan 2016
Total Posts: 666
04 Jan 2017 05:51 PM
11
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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 05:51 PM
@Sam

Wrong
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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 05:55 PM
b1
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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 05:56 PM
Come one guys
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We2fab is not online. We2fab
Joined: 26 Jan 2014
Total Posts: 2527
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 is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 05:58 PM
@We2

Wrong
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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 05:58 PM
Were talking abut economics not numbers
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sherlockedholmes is not online. sherlockedholmes
Joined: 03 Feb 2014
Total Posts: 11884
04 Jan 2017 05:58 PM
you're broke thats the answer
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We2fab is not online. We2fab
Joined: 26 Jan 2014
Total Posts: 2527
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 is not online. We2fab
Joined: 26 Jan 2014
Total Posts: 2527
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 is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 06:23 PM
Not opportunity rate, opportunity cost.
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awiton is not online. awiton
Joined: 27 Apr 2012
Total Posts: 2656
04 Jan 2017 06:25 PM
The answer is "i like to move it move it"
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We2fab is not online. We2fab
Joined: 26 Jan 2014
Total Posts: 2527
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 is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
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 is not online. We2fab
Joined: 26 Jan 2014
Total Posts: 2527
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 is not online. awiton
Joined: 27 Apr 2012
Total Posts: 2656
04 Jan 2017 06:30 PM
###############################################
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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 06:31 PM
Look up the definition on "Opportunity cost" please lol
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We2fab is not online. We2fab
Joined: 26 Jan 2014
Total Posts: 2527
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 is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
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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TESTsubject0100 is not online. TESTsubject0100
Joined: 18 Aug 2014
Total Posts: 9286
04 Jan 2017 06:33 PM
If the roof is a decorational...

Buy the dropper :l
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Extreezy is not online. Extreezy
Joined: 05 May 2013
Total Posts: 9180
04 Jan 2017 06:34 PM
If you know what you're talking about then why did you say 5000??
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