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The opportunity cost of taking a vacation from work, in all likelihood, is the wage and/or benefits accrued from having worked. This represents the highest alternative benefit forgone to take the vacation.
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∙ 12y ago
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What is the opportunity cost of a pair of levi's jeans you bought to wear to work?
The Dollar Value
What might have been the opportunity cost for some one who went to Jamestown as an indentured servant?
they were forced to work in Jamestown
What is the opportunity cost of watching the cricket match?
Opportunity Cost: if you are doing any work and getting money at 10$ per hour for seven hour then if you stop working and start watching cricket match then you lost those 70 $ by watching that cricket match so at that moment opportunity cost of watching match is 70 $ for you which you lost due to cricket match.
How does one work out the cost of a product in detail?
One uses absorption costing taking into account direct and indirect materials labour and overhead.
What are advantages of cartel?
There are many advantages to cartels some of them include: The members will have higher profit marginsThe members have a network of people to work together with The members have the opportunity to keep production cost lower
What is a opprotunity cost?
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. For example if you are doing work already and earning 10 and you have a new opportunity to start new project with return of 11 then 10 already you are earning is your opportunity cost to start new project.
What is the opportunity cost of a pair of levi's jeans you bought to wear to work?
The Dollar Value
What can someone aspiring to be a doctor do during vacation?
Look into taking some EMT training or work experience.
What might have been the opportunity cost for some one who went to Jamestown as an indentured servant?
they were forced to work in Jamestown
What are the 5 PEC's of achievement cluster?
Opportunity Seeking Persistence Commitment to the Work Contract Demand for Efficiency and Quality Risk Taking
What is the opportunity cost of watching the cricket match?
Opportunity Cost: if you are doing any work and getting money at 10$ per hour for seven hour then if you stop working and start watching cricket match then you lost those 70 $ by watching that cricket match so at that moment opportunity cost of watching match is 70 $ for you which you lost due to cricket match.
Can an employer force you to work if you are on vacation?
IF you mean can it cancel your vacation and schedule you to work, then yes.
Which is the Best work-from-home job opportunity in India?
I'm with Network Marketing VT. It's the easiest way to make money from home on vacation and even in your sleep! You can bring in $4000 a week if you work hard and you're serious about it.
Name the the things that the Pope takes while he's on vacation?
I have never heard of a pope taking a vacation. They are on the job 365 days per year. They may take on a lighter work load during the summer months but are never really on vacation.
Explain why cost benefit analysis is a subjective process?
When you are trying to make a cost benefits analysis, you have to weigh the pro's and con's of every option; these are called opportunity costs, opportunity costs are what you choose NOT to buy. The cost, is that you did NOT get this, the opportunity is what you got instead. It is a subjective process due to the fact that it is an individually variable process; what I mean by this is, if 2 people have the same option to either have a car or a house, 1 guy picks the house so he will have shelter and he has a job that is really close to home, so walking or taking a bus wont cost much (walking and taking the bus is what he has to do, having the house is his opportunity, Not getting the car and having to walk/ride the bus is his cost). Now, the next man works very far into town, so taking a bus or walking is too expensive and too time consuming, so he will get the car and not the house, now he has the car and transport too work, but no house, so he will have to rent an apartment. These 2 men had the same options, but they made different decisions bc they had a different viewpoint and the opportunity costs were different to them. So, this is subjective because it has to do with personal needs that differ from person to person, even if the options are the same for everyone.
Why is cost benefit analysis a subjective process?
When you are trying to make a cost benefits analysis, you have to weigh the pro's and con's of every option; these are called opportunity costs, opportunity costs are what you choose NOT to buy. The cost, is that you did NOT get this, the opportunity is what you got instead. It is a subjective process due to the fact that it is an individually variable process; what I mean by this is, if 2 people have the same option to either have a car or a house, 1 guy picks the house so he will have shelter and he has a job that is really close to home, so walking or taking a bus wont cost much (walking and taking the bus is what he has to do, having the house is his opportunity, Not getting the car and having to walk/ride the bus is his cost). Now, the next man works very far into town, so taking a bus or walking is too expensive and too time consuming, so he will get the car and not the house, now he has the car and transport too work, but no house, so he will have to rent an apartment. These 2 men had the same options, but they made different decisions bc they had a different viewpoint and the opportunity costs were different to them. So, this is subjective because it has to do with personal needs that differ from person to person, even if the options are the same for everyone.
Explain why cost-benefit analysis is a subject process?
When you are trying to make a cost benefits analysis, you have to weigh the pro's and con's of every option; these are called opportunity costs, opportunity costs are what you choose NOT to buy. The cost, is that you did NOT get this, the opportunity is what you got instead. It is a subjective process due to the fact that it is an individually variable process; what I mean by this is, if 2 people have the same option to either have a car or a house, 1 guy picks the house so he will have shelter and he has a job that is really close to home, so walking or taking a bus wont cost much (walking and taking the bus is what he has to do, having the house is his opportunity, Not getting the car and having to walk/ride the bus is his cost). Now, the next man works very far into town, so taking a bus or walking is too expensive and too time consuming, so he will get the car and not the house, now he has the car and transport too work, but no house, so he will have to rent an apartment. These 2 men had the same options, but they made different decisions bc they had a different viewpoint and the opportunity costs were different to them. So, this is subjective because it has to do with personal needs that differ from person to person, even if the options are the same for everyone.
