Opportunity Cost. Share: In economics, âthere is no such thing as a free lunch!â Even if we are not asked to pay money for something, scarce resources are used up in production and there is an opportunity cost involved. Opportunity cost measures the cost of any choice in terms of the next best alternative foregone. 1  Work-leisure choices: The opportunity cost of deciding not to work an extra ten hours a week is the lost wages foregone.
According to Bridgefield Group, a third party logistics provider, or 3PL, âis an outsourced provider that manages all or a significant part of an organizationâs logistics requirements and performs transportation, locating and sometimes product consolidation activities.â.
third party liability the third party liability unit tpl identifies medicaid recipients who have other medical insurance making medicaid payer of last resort these third party sources include but are not limited to health and liability insurance court settlements workers compensation and absent parents individuals eligible for medicaid assign their rights to third party payments to the state medicaid agency once the state has determined that a potentially liable third party exists it is required either to cost avoid or pay and chase claims