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Cindy,a student,and her professor Lance have an argument during class and Lance is upset at her lack of respect.That afternoon he sees her alone,and unknown to her,walks up to her quietly from behind and slams her over the head with his briefcase.What tort(s) has he committed,if any?
Opportunity Cost
The value of the next best alternative foregone as a result of making a decision.
Specialize
The process of focusing effort and resources on a narrow area of activity or field of study to gain efficiency or expertise.
Production Possibilities
A graphical representation showing the maximum quantity of goods and services that can be produced using limited resources to the fullest extent.
Opportunity Cost
The act of losing potential gains available through other choices upon selecting one option.
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