The opportunity cost of doing something is what you have to give up in order to do it. It helps businesses to consider the cost of producing a good or service, relative to the other goods and services they might otherwise produce. For example, if Lesley can make two pairs of pants while Eva can make one pair then Lesley has a higher marginal productivity than Eva.
The opportunity cost of watching a movie is the extra work that you could have been doing had you spent that time in a more productive manner. Opportunity costs higher as production increases.
If you’ve already read my article on the opportunity cost of sleeping, then you’re well prepared to understand this article on the opportunity cost of watching television. The term marginal refers to the slope of the total revenue curve at any given quantity. 1 point in a graph equals $5 and 5 points equals $25.
As production of a good increases opportunity costs rise because
opportunity cost the sacrifice of one alternative in order to pursue a second one most of us make decisions every day if the choice is between a seat on the bus or subway and walking we will avoid the cost of gasoline or wear and tear on our shoes by riding but that is not true for everyone some people have limited funds for transportation and may be forced to walk for longer distances than others not all choices offer equal opportunities some people have greater access to education than others in contrast to opportunity cost which involves future consequences in terms of forgone alternatives total costs are made up of fixed + variable costs (including opportunity cost)
This is Marginal. Essentially, it means that as something increases, there are accompanying costs that before had not existed. This can be a costly lesson for many of us to learn. Here’s an example: We all know the rising costs of college tuition in the past decade.What many young people don’t realize is that, as tuition rises and more people attend college, colleges will be forced to raise tuition further because they have no other options. Thus, a previously inexpensive school might now cost much more than a private institution.
Hey guys, it’s time for another economics lesson. Last week we talked about opportunity costs, and I promised to teach you the concept of marginal analysis this week. As you recall, I told you that the opportunity cost is the next best alternative that a person chooses when he/she makes a decision, and that this can be in terms of money or anything else of value. Think about it. If you are deciding between going to work on Tuesday, having your teeth cleaned on Tuesday (I hope) or going to a movie in the afternoon…
What is the opportunity cost of watching television for 5 hours
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Fire 7 Kids tablet, 7″ Display, ages 3-7, 16 GB, Blue Kid-Proof Case
Price : $49.99
Features :
2-year worry-free guarantee: if it breaks, return it and we’ll replace it for free.
Over 20 million kids (and their parents) have enjoyed Amazon Kids+ service. Amazon Kids parental controls allow you to set educational goals, create time limits, and filter content.
The included 1 year of Amazon Kids+ gives your kids access to over 20,000 apps, games, books, videos, audiobooks, and educational content from PBS Kids, Nickelodeon, Disney, and more. Your subscription will then automatically renew every month starting at just $2.99 per month plus applicable tax. You may cancel at any time by visiting the Amazon Parent Dashboard or contacting Customer Service.
Parents can give kids access to more apps like Netflix, Minecraft, and Zoom via the Amazon Parent Dashboard.
Amazon Kids+ includes thousands of Spanish language books, videos, apps, games, and audiobooks.
Save up to $89 on a Fire 7 Tablet (not a toy) for kids 3-7, 1 year of Amazon Kids+, a Kid-Proof Case with built-in stand, and 2-year worry-free guarantee, versus items purchased separately.
Stream through Wi-Fi or view downloaded content on the go with 16 GB of internal storage and up to 7 hours of reading, browsing the web, watching video, and listening to music. Add a microSD card for up to 512 GB of expandable storage.
Additional Info :
Color
Blue
Item Dimensions
Height
0.38 Inches
Width
4.51 Inches
Length
7.57 Inches
Weight
0.65 Pounds
Release Date
2019-06-06T00:00:01Z
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LG OLED C1 Series 55” Alexa Built-in 4k Smart TV (3840 x 2160), 120Hz Refresh Rate, AI-Powered 4K, Dolby Cinema, WiSA Ready, Gaming Mode (OLED55C1PUB, 2021)
Price : $1,196.99
Features :
OLED DISPLAY: Watch your content come to life in over 8 million pixels. Each pixel turns on and off independently so you’ll see your content with perfect black, over a billion rich colors and infinite contrast for a viewing experience like no other.
α9 GEN 4 AI PROCESSOR 4K: Picture and sound adjustment happen automatically with our best processor. The a9 Gen4 AI Processor 4K uses deep-learning algorithms to detect scenes and genres to make your content look its best no matter what or when you’re watching.
GAME OPTIMIZER: Game Optimizer gives you easier access to all your game settings, while the latest HDMI allows for fast gaming speeds. Plus, you’ll get low input lag and fast response times with Auto Low-Latency Mode and HGiG.
GOOGLE ASSISTANT & ALEXA BUILT IN: There’s no need for an extra device – just ask your TV for music, weather, news, your Amazon shopping list, and more. Plus, conveniently control your connected home and smart devices.
HOME CINEMA EXPERIENCE: Get breathtaking picture and audio that makes you feel like you’re in the action with Cinema HDR, Dolby Vision IQ & Dolby Atmos. See movies exactly how directors intended with Filmmaker Mode. And with built-in access to Netflix, Prime Video, Apple TV+, Disney+ and LG channels, your favorite content is at your fingertips.
Additional Info :
Color
Black
Item Dimensions
Height
29.1 Inches
Width
9.9 Inches
Length
48.3 Inches
Release Date
2021-03-15T00:00:01Z
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Echo Dot (3rd Gen, 2018 release) – Smart speaker with Alexa – Charcoal
Price : $39.99
Features :
Meet Echo Dot – Our most compact smart speaker that fits perfectly into small spaces.
Improved speaker quality – Better speaker quality than Echo Dot Gen 2 for richer and louder sound. Pair with a second Echo Dot for stereo sound.
Voice control your music – Stream songs from Amazon Music, Apple Music, Spotify, Sirius XM, and others.
Ready to help – Ask Alexa to play music, answer questions, read the news, check the weather, set alarms, control compatible smart home devices, and more.
Voice control your smart home – Turn on lights, adjust thermostats, lock doors, and more with compatible connected devices. Create routines to start and end your day.
Connect with others hands-free – Call friends and family who have the Alexa app or an Echo device. Instantly drop in on other rooms in your home or make an announcement to every room with a compatible Echo device.
Alexa has skills – With tens of thousands of skills and counting, Alexa is always getting smarter and adding new skills like tracking fitness, playing games, and more.
Designed to protect your privacy – Amazon is not in the business of selling your personal information to others. Built with multiple layers of privacy controls including a mic off button.
Additional Info :
Color
Charcoal
Item Dimensions
Height
1.68 Inches
Width
3.89 Inches
Length
3.89 Inches
Weight
0.65 Pounds
Release Date
2018-10-11T00:00:01Z
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SAMSUNG M5 Series 27-Inch FHD 1080p Smart Monitor & Streaming TV (Tuner-Free), Netflix, HBO, Prime Video, & More, Apple Airplay, Bluetooth, Built-in Speakers, Remote Included (LS27AM500NNXZA)
Price : $199.99
Features :
MOBILE CONNECTIVITY: Wireless DeX unlocks a full PC experience. Use mobile productivity apps, such as video conferencing, documents, and browsers, through just your monitor and phone
SMART HUB: Binge watching got even easier. Access a bunch of entertainment apps, such as Netflix, YouTube, and HBO
REMOTE ACCESS: Work seamlessly from anywhere. Boost your productivity with Remote Access features
ADAPTIVE PICTURE: Sensational picture, day or night. Surrounding light is detected by a sensor to adjust brightness automatically with Adaptive Picture
ULTRAWIDE GAME VIEW: Keep your eye on the win. Adjust your screen to 21:9 to discover hidden areas in game scenes with Ultrawide Game View
Additional Info :
Color
Black
Item Dimensions
Height
22.67712 Inches
Width
24.196802 Inches
Length
12.043283 Inches
Weight
11 Pounds
Release Date
2020-11-16T00:00:01Z
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THISWORX Car Vacuum Cleaner – Portable, High Power, Mini Handheld Vacuum w/ 3 Attachments, 16 Ft Cord & Bag – 12v, Small Auto Accessories Kit for Interior Detailing – Black
Price : $37.99
Features :
Practical: A mini vacuum for car or truck that is compact, lightweight (2.4 lbs), and easy to use. This small dustbuster is ready for ash, dust, or drive-thru food spills. A fully loaded interior car detailing kit housed in an ergonomic design.
Effective: This hand held vacuum is made for on-the-go use and solving out-of-reach problems. A very sandy day at the beach? A coat of dog hair? The portable vacuum cleaner for car is designed to solve problems.
Powerful: The cyclonic force and strong suction of the 106w motor on these handheld vacuums will terminate any dirt, debris, or hard-to-reach crumbs. Our mini car vacuum even has a top of the line washable filter.
Interior Car Cleaning Kit Includes: 3 attachments (flathead, extendable, or brush nozzle) for detailing, carry bag, filter brush, and spare filter. Must-have car accessories for women or men; these gadgets will keep the interior cute and tidy.
Convenient: Is the battery always dying when you need a car vac? These truck accessories for men & women use the 12v aux outlet for power. The 16-foot cord gives you the slack you need to clean the backseats or trunk without a snag.
Additional Info :
Color
Black
Item Dimensions
Height
4.3 Inches
Width
4 Inches
Length
13.4 Inches
Weight
0.15 Pounds
Release Date
2018-08-28T00:00:01Z
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If you are still not happy with the quality of the product, we encourage customers to check our standard return policy to know how they are going to get their money back if they are not satisfied with their purchase. Do take note that our return policy does not include a refund for shipping fees for items that meet our qualifications for returns. You may reach out to us through our main customer service phone number or send us an email if you have further questions on your order.
