cost benefit analysis

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?