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Econ and Time Choice in economics is based on scarce resources, such as land, labor, and capital One

Econ and Time

Choice in economics is based on scarce resources, such as
land, labor, and capital One other scarce resource often cited is time We
recognize the choices we make to allocate our 24 hours in a day and the concept
of opportunity cost (when we decide to spend an hour on one activity, its
opportunity cost is the value of the next best way to have spent that hour)
What are some examples of opportunity cost in your professional life during the
last day or two? Assuming you have some prerogative to choose time spent, how
do you make the decision to spend time during your professional day?

 

Apr 24 2020 View more View Less

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