Chapter 1: Opportunity Cost Practice Problems<br />As SJA’s Business Manager, you have a budget of $63,840 that can be use...
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Opportunity cost worksheet

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Opportunity cost worksheet

  1. 1. Chapter 1: Opportunity Cost Practice Problems<br />As SJA’s Business Manager, you have a budget of $63,840 that can be used to purchase 420 new desks, to purchase 105 security lights, or some combination of these two items.<br />1) How much does each desk cost? ______________________________________________<br />2) How much is each security light? ______________________________________________<br />3) If you decide to purchase 60% of the possible security lights, how many desks do you forfeit?<br />4) If Administration requests that you purchase 220 desks, how many security lights can you still install?<br />5) If you reserve $11,552 of your budget to refurbish desks currently on hand and split the difference 50-50, how many desks and security lights can be bought?<br />6) For every 36 desks that you purchase, how many security lights must you give up?<br />7) For every 36 security lights that you purchase, how many desks must you give up?<br />As SJA’s Business Manager, you have received a specific-use donation that can be used to purchase 720 white board panels at $75/each, 240 book cabinets at $225/each, or some combination of these two items.<br />1) How much is the donation? ___________________________________<br />2) If you purchase 40% of the book cabinets, how many of the white board panels must you forfeit?<br />3) If Administration requests that you purchase 500 of the white board panels, how many book cabinets can be installed?<br />4) If you reserve $6,000 for maintenance purposes and split the remainder 50-50, how many of each can you still purchase?<br />5) For every 30 white board panels that you eventually decide to purchase, how many book cabinets must you forfeit?<br />

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