Opportunity Cost Essay Examples

“Economist discovers miracle hangover: drink less” article introduces a new method to cure a hangover by economics. Jessica Irvine provides an example of Chris, how he makes a decision between drinking another schooner or going back home by comparing the opportunity cost and marginal benefits...

The article discusses whether demographics can help identify consumers who are acceleration-prone in their purchases. Because of promotion, some consumers accelerate a purchase. Identifying such consumers is important for store and brand managers. Purchase acceleration means both the decrease of a household’s inter-purchase times or...

In the world of economics, economists try their best to research and apply the models and the theories in a real-life situation. There are many models and methods that economists develop and build to make the model or theory more accurate so they can apply...

The article, “Economists, discover miracle hangover cure: drink less” proposes a method that can cure hangovers by economists written by Jessica Irvine, telling a story about Chris who is a rational person, making a decision on whether to drink an extra beer or go home...