what do you understand by the concepts of intra and inter temporal choice models in managerial economics , further clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter1: Introduction And Goals Of The Firm
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what do you understand by the concepts of intra and inter temporal choice models in managerial economics , further clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively 
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