Michael Kors Dani Black Suede Leather Rhinestone Studded Ankle Boots Booties 9,

When you flip a coin, it’s either going to land with heads or tails facing up — There’s no chance that both sides will be facing up. Other mutually exclusive events work the same way. If two events are mutually exclusive, only one of them can occur.

Two events are mutually exclusive if they cannot both occur at the same time. The occurrence of Event A eliminates any probability of Event B taking place.

Mutually exclusive events also occur regularly in corporate finance. Companies often use NEW Sam Edelman Laguna Chelsea Boots in Black to invest in future business growth. When a company is choosing how to invest in their business, they frequently have to choose between two mutually exclusive projects.

Loungefly The Little Mermaid Under the Sea Crossbody Purse NWT,L.A.M.B. Womens Size 7.5 Jaycee Black Leather Ankle Boot Gold Accent StuddedSorel Slim Pack III Lace Up Waterproof Outdoor Boots,

The concept of mutual exclusivity could also come into play for hiring decisions. If a company is conducting interviews for a new chief executive officer (UGG Classic Clear Mini Women's Waterproof Shearling Boots Hibiscus Pink Size 6NEW Demonia Bolt 330 Faux Vegan leather edgy goth style buckle boots Size 8,

When two events are mutually exclusive, it means they cannot both occur at the same time. But it doesn’t necessarily imply that one of the two events has to happen.

ROLEX PAPERBAG,

Think again of a coin toss. The results are mutually exclusive (it will be either heads or tails; it can’t be both on the same flip). And it will be one of the two options — heads and tails are the only possible options (thus they are exhaustive).

Biollante sh monster arts,

Free People City Of Light Booties,

The concept of independent events also applies to capital financing. We know that two SPERRY SALTWATER TALL BUCKLE NYLON QUILT 7 Women's Outdoor Boot, are mutually exclusive if the company can only invest in one of them. But it’s also possible for two capital projects to be independent of one another. Let’s say a KORK-EASE Ryder Ankle Boot Taupe Suede size 9 NEW has a great deal of funding available for capital projects, and they are considering two different options.

Posh Peaut Elizabeth Twirl 18-24m,

Sorel LL5316 PDX Lace Lea Women’s Joan Of Arctic Wedge Gray Leather Boots Sz 10,**New in Box** Blade Lite 800 Retractable Banner StandFrye Grey Natalie Charcoal Suede Leather Lace Up Military Combat Boot SIZE 8,

Rae Dunn MAKE IT HAPPEN. 30" x 30" Acrylic Wall Memo Board,

For someone who chooses to go to college, they have the opportunity cost of the income they could be making if they had entered the workforce right away. And if you only look at the immediate outcome, skipping college might seem more "Reserved" 70 packs 2009 Elite & 3 packs 2002 Gridiron Kings Football cards,Ugg’s Adirondack Boots Size 7.5,

But entering the workforce instead of going to college has an opportunity cost as well. While you might make more during the years you would be in college, statistics show the opportunity cost could be substantial over the long run, because you would earn less in later years.

Bed Stü Boots,

For the first project, the total revenue would equal $300,000 ($15,000 x 20), with a total profit of $200,000 (ignoring inflation, costs of capital, etc.). The revenue of the second project would come to $360,000 ($18,000 x 20). The revenue is higher, but because the project was more expensive, theFrye Stone Leather Womens Riding Boots Heeled size 8.5 is lower at $160,000.

For the company to invest in the second project that has a slightly higher revenue but a lower profit margin, the opportunity cost would be the $40,000 less in profit. And the implications are even more significant than that. Not only could they consider the opportunity cost of that $40,000 in profit, but they could also look at the opportunity cost of what they could have done with that $40,000. They might have used that for an additional capital project that would have brought in even more revenue.

Anytime you decide between two mutually exclusive events, there is an opportunity cost. For companies, the opportunity cost of choosing one mutually exclusive opportunity over another could mean millions of dollars.