本篇文章主要讲述基本经济问题，机会成本可以定义为个人、组织或政府必须放弃的与替代行动相关的成本。例如,对于一个个体,机会成本就得到一个教育程度在大学可以被定义为个人的钱将获得四年如果他们曾投资他们的时间在工作,而不是追求教育(&威廉·布林德,2005)。机会成本更多的是一种选择。在组织或商业公司的情况下，机会成本可以用类似的方法定义。本篇代写价格文章由美国论文通AssignmentPass辅导网整理，供大家参考阅读。
An opportunity cost can be defined as the cost associated with an alternative action that an individual, an organization or the government have to forgo. For instance, for an individual, the opportunity cost with respect to getting an educational degree in a University can be defined as the money the individual would have earned in the four years if they had worked (invested their time in working), instead of pursuing the education (Blinder, & William, 2005). An opportunity cost is more of a choice between options. In the case of an organization or a business firm, opportunity cost could be defined in a similar way.
Here, opportunity costs for a firm is defined as the money that the firm should have earned if it had used its equipment, or assets in a different way than was its current used. Opportunity cost in economy is defined in terms of money; however, it needs not always be defined in terms of money. An example for opportunity cost for a business could be a case scenario where a small business might own the equipment that it needs instead of renting it. The opportunity cost here would be the cost associated with renting. Renting could have meant less maintenance charges for the equipment (Vera-Munoz, 1998).
The opportunity costs in the case of the Chinese Government can be understood from how Chinese had introduced for low coal prices as part of the benefits of its energy subsidy policy. This was a part of the centralized pricing system of the Chinese Government (OECD, 1999). The opportunity costs associated with this action are that of the costs of reducing the current overexploitation of natural resources. If the coal prices were higher, the exploitation would have been lower.
Frictional unemployment happens because there might be some changes in the people as in the case of demographic change, or people switching occupations, etc. This form of unemployment is however a voluntary unemployment (Ernest, & Lieberman, 2004). Cyclical unemployment on the other hand is one where workers lose their job as part of the business cycle. In the context of an economic recession, the workers would be afraid to quit because they would be worried about salary and finding a job. Frictional unemployment would hence be less. In the case of unemployment, there could be varied effects on the economy. Mainly, there would be unemployment financial costs that the country would have to bear. The consumer would not be willing to purchase and thus the spending power would be decreased and more (Ernest, & Lieberman, 2004).
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