Question
1. Explain your value added comment to the discussion below on opportunity cost I chose to do my discussion on option #5 the opportunity costs
1. Explain your value added comment to the discussion below on opportunity cost
I chose to do my discussion on option #5 the opportunity costs of visiting my doctors office. I am in the military and when I first joined I noticed that I was always 30 minutes early to a doctors appointment on base. I would be waiting in the waiting room for another 15-30 minutes which in total would be 45 - 60 minutes. This would have cost me $50 but as I have been in longer I no longer show up 30 minutes early I show up 10 minutes early and still wait around the same time but I think I would have saved more time and money. I feel like I can apply this in my job because I have noticed that with what I do a lot of my job is essentially waiting for things to happen. After this assignment maybe my coworkers and leadership and I can possibly come to a solution to be more proactive so instead of waiting for problems we can get ahead of them.
2. Explain your value added comment to the discussion below
I chose the first option, computing the actual money wasted was something I was confused on so I decided to use my own job as an alternative activity I could be doing instead of waiting in a line. I get paid 17 an hour so if I waited in a line for an hour I could be making 17 extra dollars instead. The only downfall would be me missing out on getting whatever I was waiting in line for.
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