Opportunity Cost Name Professor Course Institution Date Every day we are faced with options regarding where we should invest our money. Opportunity cost is also referred to as implicit cost. Opportunity cost is the cost of a foregone alternative (Chodorow-Reich &Karabarbounis 2016). A movie shop owner has the opportunity small-scale production. References Chodorow-Reich G. &Karabarbounis L. (2016). The cyclicality of the opportunity cost of employment. Journal of Political Economy 124(6) 1563-1618. Tovar B. & Wall A. (2012). Economies of scale and scope in service firms with demand uncertainty: An application to a Spanish port. Maritime Economics & Logistics 14(3) 362-385. [...]
I need a one page paper on coursework. APA style with in-text citations and two references. I have attached instructions.