0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is all the alternatives to opportunity cost?
relevant cost may include fixed avoidable costs
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
Cost to replace transmission on 1999 Volvo XC?
The approximate cost of replacement of transmission a 1999 Volvo Xc is 429 to 724. This may also include alternator replacement as well.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
Which is the result when the benefits of a decision are greater than the opportunity cost of that decision?
It would be helpful to know what the decision is to know what the benefits and opportunity of the decision are. It is important to include this information.
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
What is verified replacement cost for the dwelling?
I am looking for the answer to verified replacement cost
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
What do you understand by the term opportunity cost?
Opportunity cost is what you give up in order to get something else. Paying money is the opportunity cost for ice cream for example.
Why does opportunity cost vary?
Opportunity Cost can vary depending on what you are giving up exactly.
Do you have to rebuild with replacement cost ins?
You make the decision to rebuild or not. However, per the terms of the replacement cost endorsement, if you choose not to rebuild then the company will pay you the actual cash value of the damage. If you rebuild, the company will pay replacement cost. No replacement, no replacement cost.
What does increasing marginal opportunity cost mean?
As we decide to choose more units of anything, the opportunity cost of each additional unit will rise. This means that the opportunity cost of the second unit will be greater than that of the first unit. The opportunity cost of the third unit will be greater than that of the second unit. And so forththe law of opportunity cost states that the more of a product that is produced,the greater is its opportunity cost,hence increasing marginal opportunity cost in simple terms refers to an extra or additional opportunity cost of foregoing other products to produce a unit of another product
