Topic: Opportunity cost

Details: Every time we have to make a choice we are faced with an opportunity cost. Using an example in your professional life, identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used to make your choice. As part of your discussion, explain whether or not, responsible stewardship, played a role in your choice. Remember to use the appropriate economic concepts and terminology that are applicable to your answer.

Identify a situation where you were presented with a choice

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