Discussion Post: Fixed & Variable Cost
Explain the difference between a direct cost and an opportunity cost. Illustrate the difference of these costs by sharing one out-of-pocket cost and one opportunity cost for two decisions you made today. The decisions you choose to share can be anything, from your decision to drive to work versus riding a bike, or even the decision you made on where to have lunch.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.