Fixed And Variable Cost
Post a total of 3 substantive responses for full participation. This includes your initial post and 2 replies to classmates or your faculty member.
Explain the difference between a direct cost and an opportunity cost. Illustrate the difference of these costs by sharing one (1) out-of-pocket cost and one (1) opportunity cost for two decisions you made today. The decisions you choose to share can be anything, from your decision to drive to work versus riding a bike, or even the decision you made on where to have lunch.
Respond to the following in a minimum of 175 words:
Post 2 substantial replies to classmates or your faculty member. Be constructive and professional. Remember that the replies should be at least 100 words.