Economics Homework Help

Santa Ana College The Office TV Show and Opportunity Cost Discussion

 

I’m trying to learn for my Macro Economics class and I’m stuck. Can you help?

This assignment will consist of summarizing a video clip and episode from a popular TV show that depicts the concept of opportunity cost. below is the explanation of what happened in the episode please reword my explanation while including a detailed explanation as to why this clip is important and what it shows. In the explanation you must define opportunity cost, explain the situation in the clip, how this relates to economics, and how opportunity cost is exhibited in the episode and the clip.below is the explanation of what happened in the episode for you to resummarize

David Wallace instructs Michael to scout out a small, family owned competitor to Dunder Mifflin called Prince Family Paper, with the hopes of targeting their business. Michael and his right-hand man Dwight hatch a plan to infiltrate Prince Paper and tease out information. Michael, under his usual alias Michael Scarn, poses as a potential customer in need of paper for his law firm, while Dwight pretends to be looking to leave Dunder Mifflin for a sales job with Prince Paper. Michael asks a series of targeted questions, including asking how many clients the family has, before being given the keys to the kingdom: a list of company clients for use as references to Prince’s customer service. On the way out, Michael snaps a picture of a map of Prince’s clients. While Michael struggles with both Dwight and his own conscious over his actions, eventually the information is sent to a delighted David Wallace. Just eight weeks later in episode 21 of season 5, we learn that Prince Family Paper has been put out of business.