Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. Identify and briefly define 1 of the following concepts: •Opportunity cost •Sunk cost •Cost-benefit analysis Based upon the concept that you have selected, respond to each of the following questions: •What are the basic steps for the application of your chosen concept in resource allocation? •Provide an example of how this concept can be applied in a specific health care resource allocation. •How will the application of this concept impact the structure of the health care institution when allocating resources?
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