You are trying to decide whether to go on holiday or not. Most of the cost of vacation (air tickets, hotels, salary abandonment) is measured in dollars, but the cost of vacation

The benefits are psychological. How will you measure the benefits and costs?

You are going to take a part-time job on Saturday, but a friend invites you to go skiing. What is the real cost of going skiing? Now suppose you plan to study in the library this day. What is the cost of skiing in this case? Please explain.

You won $65,438+0,000 in the bet on the basketball game. You can choose to spend it now, or deposit it in a bank account and pay 5% interest a year. What is the opportunity cost of spending 1 0 0 dollars now?

The company you manage has invested 5 million dollars to develop new products, but the development work is far from complete. At a recent meeting, your salesperson reported that the entry of competitive products reduced the expected sales of your new product to $3 million. If it takes1000000 dollars to complete this development, should you continue this development? How much money should you spend at most to complete this development?

6. Three managers of Magic Beverage Company are discussing the possible increase in production. Every manager suggested a way to make this decision: Harry: We should check whether the productivity of our company-the number of gallons produced by each worker-has increased or decreased.

Ron: We should check whether our average cost-the cost per worker-has gone up or down.

1 Helmuni: We should check whether the extra income from selling an extra gallon of drinks is greater than or less than the extra cost.