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Laabri

FC5: Human capital, opportunity cost, cost/benefit analysis

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Last updated over 6 years ago
5 Nsɛmmisa
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1.

An investment in human capital leads to

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2.

The next best alternative you give up when making a choice is called

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3.

If you choose to go to college full time rather than going directly to work after graduation, your opportunity cost would be

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4.

When weighing the expected benefits and costs of your actions, you are involved in what kind of decision making process?

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5.

When making a rational decision, how are the marginal benefit(MB) and marginal cost(MC) related to each other?