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Opportunity cost of doing homework increases as you spend more time doing it because of the time you are allocating for it. You can be accomplishing something else.

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Q: Why does the opportunity cost of doing homework increase as you spend more time doing it?
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WHAT IS The role of students in imProving the society?

Spend, Spend, Spend!! Spend your money to boost America's GDP and its economy. Increase the worth of your dollar.


How can lowering taxes stimulate the economy?

Businesses spend more and increase employment.


How do you analyze a project as oppourtunity cost?

Opportunity cost - This refers to selecting a project over another due to the scarcity of resources. In other words, by spending this rupee on this project, you are passing on the opportunity to spend this rupee on another project. How big an opportunity are you missing? The smaller the opportunity cost, the better it is.Opportunity Cost is a technique that is used in project selection


Why do you have to include the opportunity cost of your time when you calculate your profits in your own business?

"Opportunity cost" is the value of what else you might have done with the time or money that you expended here. In terms of time, if you spend eight hours working on a deck, then you didn't spend 8 hours working at your job, or learning a new skill, or reading a book, or playing with your children.


Why an increase in spending on police and armed forces may result in an opportunity cost?

Opportunity cost is defined as what you have to give up to get something. Specifically, the opportunity cost of doing something is the value of best alternative. For example, if Bob decides to watch TV instead of studying for a big science test he has in school the next day, the opportunity cost is that study time. All decisions carry an opportunity cost even in cases such as defense or public safety spending because there is always an alternate choice. For example, a city could choose to hire 50 new police officers or, with the same money, they could choose to hire 50 new teachers or build a new park or do any of a large number of things. In particular, if there is a greater need for something else, such as new teachers, then the opportunity cost of increasing police spending will be greater than any benefit from the spending. In that case, police spending would be a poor economic decision because there is another place to spend the money that will create more good for the city as a whole.

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I usually spend 3-4 hours a night on homework. Sometimes when my teachers aren't feeling very nice, we get 10 hours. My mom has found me up at 4 A.M. before, doing homework. Hope this helps, CrazyGenie


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