MBA $5010$ Week $4$ Assignment $($Rev $2)$

The weekly assignments are intended to be completed individually. It is important in an online program that you pay careful attention to when it is and is not appropriate to work with peers. Misunderstandings can have significant consequences. By submitting this assignment, you are attesting that you completed this work without assistance from another current or former student of this class. Exceptions can be made for tutors, but only with prior consent from your instructor.

Your answer will be evaluated based on correctness, completeness, and clarity. Be attentive to your writing. You have until midnight CST Sunday to submit both parts of this assignment.

Part A $(25$ Points$)$

For each of the following activities, provide $($mostly hypothetical$)$ opportunity costs of that activity. Be as complete as possible. But remember, the opportunity isn$$t everything that might have occurred otherwise, but rather the particular thing that might have occurred. Feel free to be creative, so long as you$$re correct.

Example $-$ Patrick attends his eight o$$clock class.

To attend class, Patrick must forgo some badly needed sleep. He stayed out late with friends last night and so will be groggy the rest of the day. This is particularly unfortunate since he has a literature exam at $11$am$.$ And so$,$ his opportunity costs are the foregone sleep and a better grade on the exam.

Question $1-$ Kellogg begins producing a new product called PopBars instead of producing PopTarts.

Respond here

Question $2$ A famous plastic surgeon with a successful and very busy full$-$time practice, decides to pursue his MBA at Webster full$-$time.

Respond here