2024 – Every time we have to make a choice we are faced with an opportunity cost Using

Every time we have to make a choice we are faced with an opportunity cost. Using an example in your professional life, identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used to make your choice. As part of your discussion explain whether or not responsible stewardship played a role in your choice.

Remember to use the appropriate economic concepts and terminology that are applicable to your answer.