Which is a good example of an opportunity cost? 1. “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. UPS was expensive at the moment for smaller or lightweight packages whereas USPS offered a cheap price for these types of packages. UPS ships more than 220 internationally while USPS ships to certain international destinations. I have chosen USPS over UPS, orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the cost of UPS shipping. “ 2. “To begin, I began selling prints of my pictures in 2019 throughout 2020. USPS and UPS were the options I had during W this period to ship out orders. I chose to ship my orders via UPS rather than USPS since it had the choice to ship orders internationally. While USPS is cheap and has fast shipping. Shipping the orders with UPS did not ship orders out on time, orders were damaged, and spending a large bulk of money getting these orders shipped out. The opportunity cost is the benefit of using USPS services. “
Which is a good example of an opportunity cost? 1. “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. UPS was expensive at the moment for smaller or lightweight packages whereas USPS offered a cheap price for these types of packages. UPS ships more than 220 internationally while USPS ships to certain international destinations. I have chosen USPS over UPS, orders were delivered on time and without damage by the United States Postal Service. The opportunity cost is the cost of UPS shipping. “ 2. “To begin, I began selling prints of my pictures in 2019 throughout 2020. USPS and UPS were the options I had during W this period to ship out orders. I chose to ship my orders via UPS rather than USPS since it had the choice to ship orders internationally. While USPS is cheap and has fast shipping. Shipping the orders with UPS did not ship orders out on time, orders were damaged, and spending a large bulk of money getting these orders shipped out. The opportunity cost is the benefit of using USPS services. “
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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Transcribed Image Text:Which is a good example of an opportunity cost?
1. “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. UPS was
expensive at the moment for smaller or lightweight packages
whereas USPS offered a cheap price for these types of
packages. UPS ships more than 220 internationally while USPS
ships to certain international destinations. I have chosen USPS
over UPS, orders were delivered on time and without damage
by the United States Postal Service. The opportunity cost is the
cost of UPS shipping. “
2. “To begin, I began selling prints of my pictures in 2019
throughout 2020. USPS and UPS were the options I had during
this period to ship out orders. I chose to ship my orders via UPS
rather than USPS since it had the choice to ship orders
internationally. While USPS is cheap and has fast shipping.
Shipping the orders with UPS did not ship orders out on time,
orders were damaged, and spending a large bulk of money
getting these orders shipped out. The opportunity cost is the
benefit of using USPS services. “
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