Opportunity Cost

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Opportunity Cost

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 234 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Opportunity Cost by : Fouad Sabry

Download or read book Opportunity Cost written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-15 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Opportunity Cost In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would have been had by taking the second best available choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen". As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure efficient use of scarce resources. It incorporates all associated costs of a decision, both explicit and implicit. Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure, or any other benefit that provides utility should also be considered an opportunity cost. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Opportunity cost Chapter 2: Perfect competition Chapter 3: Output (economics) Chapter 4: Sunk cost Chapter 5: Cost Chapter 6: Competitive advantage Chapter 7: Managerial economics Chapter 8: Economic cost Chapter 9: Implicit cost Chapter 10: Operating surplus Chapter 11: Accounting constraints Chapter 12: AP Macroeconomics Chapter 13: Engineering economics Chapter 14: Barriers to exit Chapter 15: Profit (economics) Chapter 16: Shutdown (economics) Chapter 17: Asset Chapter 18: Output (economics) Chapter 19: Return on investment Chapter 20: Economics terminology that differs from common usage Chapter 21: Parable of the broken window (II) Answering the public top questions about opportunity cost. (III) Real world examples for the usage of opportunity cost in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Opportunity Cost.

The Personal MBA

Author : Josh Kaufman
Publisher : Penguin
ISBN 13 : 1101446080
Total Pages : 422 pages
Book Rating : 4.1/5 (14 download)

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Book Synopsis The Personal MBA by : Josh Kaufman

Download or read book The Personal MBA written by Josh Kaufman and published by Penguin. This book was released on 2010-12-30 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master the fundamentals, hone your business instincts, and save a fortune in tuition. The consensus is clear: MBA programs are a waste of time and money. Even the elite schools offer outdated assembly-line educations about profit-and-loss statements and PowerPoint presentations. After two years poring over sanitized case studies, students are shuffled off into middle management to find out how business really works. Josh Kaufman has made a business out of distilling the core principles of business and delivering them quickly and concisely to people at all stages of their careers. His blog has introduced hundreds of thousands of readers to the best business books and most powerful business concepts of all time. In The Personal MBA, he shares the essentials of sales, marketing, negotiation, strategy, and much more. True leaders aren't made by business schools-they make themselves, seeking out the knowledge, skills, and experiences they need to succeed. Read this book and in one week you will learn the principles it takes most people a lifetime to master.

The World of Economics

Author : John Eatwell
Publisher : Springer
ISBN 13 : 1349213152
Total Pages : 766 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The World of Economics by : John Eatwell

Download or read book The World of Economics written by John Eatwell and published by Springer. This book was released on 1991-05-13 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.

Economics in Two Lessons

Author : John Quiggin
Publisher : Princeton University Press
ISBN 13 : 0691217424
Total Pages : 404 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Economics in Two Lessons by : John Quiggin

Download or read book Economics in Two Lessons written by John Quiggin and published by Princeton University Press. This book was released on 2021-04-13 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. Quiggin teaches both lessons, offering an introduction to the key ideas behind the successes--and failures--of free markets. He explains why market prices often fail to reflect the full cost of our choices to society as a whole. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work--and what to do when they don't. This book unlocks the essential issues at the heart of any economic question. --From publisher description.

Pretty Little Mistakes

Author : Heather McElhatton
Publisher : Harper Collins
ISBN 13 : 0061857025
Total Pages : 783 pages
Book Rating : 4.0/5 (618 download)

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Book Synopsis Pretty Little Mistakes by : Heather McElhatton

Download or read book Pretty Little Mistakes written by Heather McElhatton and published by Harper Collins. This book was released on 2009-10-13 with total page 783 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are hundreds of lives sown inside Pretty Little Mistakes, Heather McElhatton's singularly spectacular, breathtakingly unique novel that has more than 150 possible endings. You may end up in an opulent mansion or homeless down by the river; happily married with your own corporation or alone and pecked to death by ducks in London; a Zen master in Japan or morbidly obese in a trailer park. Is it destiny or decision that controls our fate? You can't change your past and start over from scratch in real life—but in Pretty Little Mistakes, you can! But be warned, choose wisely.

Opportunity Cost in Finance and Accounting

Author : Hans Heymann
Publisher : Praeger
ISBN 13 : 0899304001
Total Pages : 0 pages
Book Rating : 4.8/5 (993 download)

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Book Synopsis Opportunity Cost in Finance and Accounting by : Hans Heymann

Download or read book Opportunity Cost in Finance and Accounting written by Hans Heymann and published by Praeger. This book was released on 1990-10-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of opportunity cost, an integral part of classical economic theory, is more than two hundred years old. Yet it is still not fully understood today. This work focuses on opportunity cost as it affects decision making, managing, and business problem solving--where the acceptance of one alternative precludes the acceptance of others. H.G. Heymann and Robert Bloom clarify the issues associated with the opportunity cost principle, the measurement of opportunity costs, and its practical applications in the areas of finance and accounting. By providing numerous examples to demonstrate these specific issues, they make an important, complex economic concept simple to understand. Heymann and Bloom begin their work with simple examples that relate to the opportunity cost principle and introduce the framework in which it has been defined. Following a discussion of basic concepts, applications in economic theory, finance, and accounting are reviewed and analyzed, and increasingly complex, multidimensional, and interdependent problem statements are considered in relation to practical management procedures. The book's interdisciplinary approach addresses a number of issues related to opportunity cost, including the environment in which theories, models, and concepts are developed; the multiple dimensions of problem situations faced by practicing managers; various interpretations of opportunity cost in economic theory; and the relevance of opportunity cost in computer-aided Decision Support Systems. Written in a way that even people with a minimum background in economics can understand, Opportunity Cost in Finance and Accounting will enhance the reader's appreciation of the many complex issues that relate to organizational management, financial decision making, valuation, and opportunity costs. It will be a valuable supplementary text for courses in business and public administration, as well as for developmental seminars for professionals in finance, investment, and accounting. It will also be a significant addition to public, academic, and business libraries.

Encyclopedia of Organizational Knowledge, Administration, and Technology

Author : Khosrow-Pour D.B.A., Mehdi
Publisher : IGI Global
ISBN 13 : 1799834743
Total Pages : 2734 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Encyclopedia of Organizational Knowledge, Administration, and Technology by : Khosrow-Pour D.B.A., Mehdi

Download or read book Encyclopedia of Organizational Knowledge, Administration, and Technology written by Khosrow-Pour D.B.A., Mehdi and published by IGI Global. This book was released on 2020-09-29 with total page 2734 pages. Available in PDF, EPUB and Kindle. Book excerpt: For any organization to be successful, it must operate in such a manner that knowledge and information, human resources, and technology are continually taken into consideration and managed effectively. Business concepts are always present regardless of the field or industry – in education, government, healthcare, not-for-profit, engineering, hospitality/tourism, among others. Maintaining organizational awareness and a strategic frame of mind is critical to meeting goals, gaining competitive advantage, and ultimately ensuring sustainability. The Encyclopedia of Organizational Knowledge, Administration, and Technology is an inaugural five-volume publication that offers 193 completely new and previously unpublished articles authored by leading experts on the latest concepts, issues, challenges, innovations, and opportunities covering all aspects of modern organizations. Moreover, it is comprised of content that highlights major breakthroughs, discoveries, and authoritative research results as they pertain to all aspects of organizational growth and development including methodologies that can help companies thrive and analytical tools that assess an organization’s internal health and performance. Insights are offered in key topics such as organizational structure, strategic leadership, information technology management, and business analytics, among others. The knowledge compiled in this publication is designed for entrepreneurs, managers, executives, investors, economic analysts, computer engineers, software programmers, human resource departments, and other industry professionals seeking to understand the latest tools to emerge from this field and who are looking to incorporate them in their practice. Additionally, academicians, researchers, and students in fields that include but are not limited to business, management science, organizational development, entrepreneurship, sociology, corporate psychology, computer science, and information technology will benefit from the research compiled within this publication.

Discover Your Inner Economist

Author : Tyler Cowen
Publisher : Penguin
ISBN 13 : 1440631085
Total Pages : 257 pages
Book Rating : 4.4/5 (46 download)

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Book Synopsis Discover Your Inner Economist by : Tyler Cowen

Download or read book Discover Your Inner Economist written by Tyler Cowen and published by Penguin. This book was released on 2008-05-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of America’s most respected economists presents a quirky, incisive romp through everyday life that reveals how you can turn economic reasoning to your advantage—often when you least expect it to be relevant. Like no other economist, Tyler Cowen shows how economic notions—such as incentives, signals, and markets—apply far more widely than merely to the decisions of social planners, governments, and big business. What does economic theory say about ordering from a menu? Or attracting the right mate? Or controlling people who talk too much in meetings? Or dealing with your dentist? With a wryly amusing voice, in chapters such as “How to Control the World, The Basics” and “How to Control the World, Knowing When to Stop” Cowen reveals the hidden economic patterns behind everyday situations so you can get more of what you really want. Readers will also gain less selfish insights into how to be a good partner, neighbor and even citizen of the world. For instance, what is the best way to give to charity? The chapter title “How to Save the World—More Christmas Presents Won’t Help” makes a point that is every bit as personal as it is global. Incentives are at the core of an economic approach to the world, but they don’t just come in cash. In fact, money can be a disincentive. Cowen shows why, for example, it doesn’t work to pay your kids to do the dishes. Other kinds of incentives—like making sure family members know they will be admired if they respect you—can work. Another non-monetary incentive? Try having everyone stand up in your next meeting if you don’t want anyone to drone on. Deeply felt incentives like pride in one’s work or a passing smile from a loved one, can be the most powerful of all, even while they operate alongside more mundane rewards such as money and free food. Discover Your Inner Economist is an introduction to the science of economics that shows it to be built on notions that are already within all of us. While the implications of those ideas lead to Cowen’s often counterintuitive advice, their wisdom is presented in ordinary examples taken from home life, work life, and even vacation life… How do you get a good guide in a Moroccan bazaar?

L.S.E. Essays on Cost

Author : London School of Economics and Political Science
Publisher : Weidenfeld & Nicolson
ISBN 13 :
Total Pages : 310 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis L.S.E. Essays on Cost by : London School of Economics and Political Science

Download or read book L.S.E. Essays on Cost written by London School of Economics and Political Science and published by Weidenfeld & Nicolson. This book was released on 1973 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: UK. Monograph comprising essays on the economic theory of cost, originally published between 1934 and 1960 by scholars associated with the london school of economics - covers cost accounting, etc. References.

Cost and Choice

Author : James M. Buchanan
Publisher : University of Chicago Press
ISBN 13 : 0226078183
Total Pages : 120 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Cost and Choice by : James M. Buchanan

Download or read book Cost and Choice written by James M. Buchanan and published by University of Chicago Press. This book was released on 1978 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As he usually does, Professor Buchanan has produced an interesting and provocative piece of work. [Cost and Choice] starts off as an essay in the history of cost theory; the central ideas of the book are traced to Davenport and Knight in the United States, and to a series of distinguished writers associated at various times with the London School of Economics. The author emerges from this discussion with what can be described as the ultimate in subjectivist cost doctrines. . . . Economists should learn the lessons offered to us in this little book—and learn them well. It can save them from serious errors."—William J. Baumol, Journal of Economic Literature

Creating an Opportunity Society

Author : Ron Haskins
Publisher : Rowman & Littlefield
ISBN 13 : 0815703937
Total Pages : 367 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Creating an Opportunity Society by : Ron Haskins

Download or read book Creating an Opportunity Society written by Ron Haskins and published by Rowman & Littlefield. This book was released on 2009-10-01 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans believe economic opportunity is as fundamental a right as life, liberty, and the pursuit of happiness. More concerned about a level playing field for all, they worry less about the growing income and wealth disparity in our country. Creating an Opportunity Society examines economic opportunity in the United States and explores how to create more of it, particularly for those on the bottom rungs of the economic ladder. Ron Haskins and Isabel Sawhill propose a concrete agenda for increasing opportunity that is cost effective, consistent with American values, and focuses on improving the lives of the young and the disadvantaged. They emphasize individual responsibility as an indispensable basis for successful policies and programs. The authors recommend a three-pronged approach to create more opportunity in America: • Increase education for children and youth at the preschool, K–12, and postsecondary levels • Encourage and support work among adults • Reduce the number of out-of-wedlock births while increasing the share of children reared by their married parents With concern for the federal deficit in mind, Haskins and Sawhill argue for reallocating existing resources, especially from the affluent elderly to disadvantaged children and their families. The authors are optimistic that a judicious use of the nation's resources can level the playing field and produce more opportunity for all. Creating an Opportunity Society offers the most complete summary available of the facts and the factors that contribute to economic opportunity. It looks at the poor, the middle class, and the rich, providing deep background data on how each group has fared in recent decades. Unfortunately, only the rich have made substantial progress, making this book a timely guide forward for anyone interested in what we can do as a society to improve the prospects for our less-advantaged families and fellow citizens.

Kohler's Dictionary for Accountants

Author : Eric Louis Kohler
Publisher : Prentice Hall
ISBN 13 :
Total Pages : 600 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Kohler's Dictionary for Accountants by : Eric Louis Kohler

Download or read book Kohler's Dictionary for Accountants written by Eric Louis Kohler and published by Prentice Hall. This book was released on 1983 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains 4,538 terms of accounting.

Opportunity Cost and Prudentiality

Author : Herbert L. Baer
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis Opportunity Cost and Prudentiality by : Herbert L. Baer

Download or read book Opportunity Cost and Prudentiality written by Herbert L. Baer and published by World Bank Publications. This book was released on 1994 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Paying the Price

Author : Sara Goldrick-Rab
Publisher : University of Chicago Press
ISBN 13 : 022640448X
Total Pages : 382 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Paying the Price by : Sara Goldrick-Rab

Download or read book Paying the Price written by Sara Goldrick-Rab and published by University of Chicago Press. This book was released on 2016-09-01 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: A “bracing and well-argued” study of America’s college debt crisis—“necessary reading for anyone concerned about the fate of American higher education” (Kirkus). College is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it. In Paying the Price, education scholar Sara Goldrick-Rab reveals the devastating effect of these shortfalls. Goldrick-Rab examines a study of 3,000 students who used the support of federal aid and Pell Grants to enroll in public colleges and universities in Wisconsin in 2008. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that data with devastating stories of six individual students, whose struggles make clear the human and financial costs of our convoluted financial aid policies. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. "Honestly one of the most exciting books I've read, because [Goldrick-Rab has] solutions. It's a manual that I'd recommend to anyone out there, if you're a parent, if you're a teacher, if you're a student."—Trevor Noah, The Daily Show

Project Evaluation

Author : Arnold C. Harberger
Publisher : University of Chicago Press
ISBN 13 : 0226315932
Total Pages : 342 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Project Evaluation by : Arnold C. Harberger

Download or read book Project Evaluation written by Arnold C. Harberger and published by University of Chicago Press. This book was released on 1976-07-15 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collection of papers on social project evaluation.

Risk, Uncertainty and Profit

Author : Frank H. Knight
Publisher : Cosimo, Inc.
ISBN 13 : 1602060053
Total Pages : 401 pages
Book Rating : 4.6/5 (2 download)

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Book Synopsis Risk, Uncertainty and Profit by : Frank H. Knight

Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Opportunity Cost Investing

Author : Jessie Michael Rancourt
Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.6/5 (564 download)

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Book Synopsis Opportunity Cost Investing by : Jessie Michael Rancourt

Download or read book Opportunity Cost Investing written by Jessie Michael Rancourt and published by . This book was released on 2020-07-25 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your largest cost is one you will never see... This new edition of What You Need to Know About Opportunity Cost continues the ground-breaking book that captured the audience with a fundamental approach to understanding opportunity cost. The timeless wisdom that the readers learn about make this a must have book for every finance bookshelf right now! After all, the sooner we learn the longer we benefit from it! In What You Need to Know About Opportunity Cost you will get the concepts of opportunity cost in a clear cut and no fluff added way. Here is a tease of what you will learn in this book: What is opportunity cost and our single greatest cause for underestimating real costs How do we come to a mathematical value of opportunity cost using the opportunity cost matrix Everyone's favorite question: Is it better to pay off debt or invest the difference See why 10% is not always equal to 10% through going over rates of returns with newly added ones The revised and updated way we can best communicate our opportunities with each other and why we aren't already The psychological factors of opportunity cost and the disproportionate weight it has What MUST be done if you have a financial advisor or invest on your own to skyrocket your returns The importance of understand the speed and velocity of opportunity cost Whether you're paying off debt, saving up money, running a business, or investing: This is the personal finance and wealth creation book that you will want to share with your family and friends. Pick up your copy by clicking the BUY NOW button