Is this an good example of opportunity cost? “To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. I chose to mail my prints via USPS rather than UPS. Even though UPS ships more than 220 internationally while USPS only shipped to certain international destinations. With choosing USPS, the orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the benefit of UPS shipping.”
Is this an good example of opportunity cost? “To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. I chose to mail my prints via USPS rather than UPS. Even though UPS ships more than 220 internationally while USPS only shipped to certain international destinations. With choosing USPS, the orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the benefit of UPS shipping.”
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 10SQ
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Is this an good example of opportunity cost ?
“To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. I chose to mail my prints via USPS rather than UPS. Even though UPS ships more than 220 internationally while USPS only shipped to certain international destinations. With choosing USPS, the orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the benefit of UPS shipping.”
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