Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
When a consumer has indifference preference.
Opportunity cost can be defined as cost forgone for one unit of a commodity during the purchase of one unit of another commodity.
Suppose in a food stall there are chips and burgers, and you would like to have chips for a light snack; therefore, you will buy chips. The amount you paid for buying one pack of chips is the cost you have sacrificed by not buying a burger.
Hence, the opportunity cost is zero when a consumer has indifference preference. For example, if you want to purchase a watch, you might come across varieties of watches; you would choose one specific watch, but you won’t spend money on shoes. So you are indifferent to varieties of watches. Thus, your opportunity cost for rejecting one brand and selecting the other brand of watch is zero. Of course, the cost price of the watches have to be equal; in the case of different prices but same quality: the preferences inclined towards the cheaper one.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more