Suppose you own and run a small business. You spend 40 hours per week managing the operation. However, the accountant doesn't include the opportunity cost of your time as part of the money costs because you don't incur any cash outlay to pay for your time. Explain your answer. It is well documented in scientific research that smoking is harmful to our health.
Smokers have higher incidences of coronary disease, cancer, and other catastrophic illnesses.
Knowing this, about thirty percent of young people begin smoking and about twenty-five percent of the US population smokes. Everyone knows that attending college is expensive. But this cost frequently is calculated incorrectly and, as a result, is understated. The following paragraph describes the financial situation of a student attending a college. Production Possibilities and Trade 17.