Results for: Opportunity-cost

Can opportunity cost be zero?

Opportunity cost can be zero if there are no scarcity in goods and services and resources used to produce such commodities that can lead consumers to make a choice to fulfill (MORE)

What was its opportunity cost?

The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the (MORE)

What are the examples of opportunity cost in a business?

An opportunity cost means that, in order to do one thing, you must give up something else (those something else's are the opportunity costs). An example of an opportunity cos (MORE)

Explain the Concept of opportunity cost?

The concept of opportunity cost is based on the notion that for  every action you take or decision you make, you are losing the  benefits of other options. Opportunity cost (MORE)

What opportuning cost?

The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the (MORE)

What is the answer to 20c plus 5 equals 5c plus 65?

20c + 5 = 5c + 65 Divide through by 5: 4c + 1 = c + 13 Subtract c from both sides: 3c + 1 = 13 Subtract 1 from both sides: 3c = 12 Divide both sides by 3: c = 4
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