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What are some examples of the law of increasing opportunity costs?
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What is law of increasing opportunity cost?
The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. (Some resources are specialized to only effeciently produce one product so using those specialized resources on a different product is inefficient)
What are some examples of an opportunity benefit?
if your mom tell u to do a chore and she give you allowance for doing it would be an example of opportunity benefit
What are some examples of fixed costs?
* Rent * Payroll for Salaried Employees
Why are there always opportunity costs when we shift from making one to another?
some resources are better suited for use in making the first product.
Why are there always opportunity costs when we shift from making one product to another?
some resources are better suited for use in making the first product.
What are the examples of opportunity?
Some examples of opportunity costs are:giving up your favorite movie to study (in order to get good grades). The opportunity cost is the movie that has been forgone.attending Baseball training (in order to be a better player) instead of going to your favorite night club when the best artiste would be performing; the club has been forgone/opportunity cost/best next alternative.Opportunity costs are the benefits you could have received by taking an alternative action.
What is law of increasing opportunity cost?
The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. (Some resources are specialized to only effeciently produce one product so using those specialized resources on a different product is inefficient)
What are the example of opportunity cost?
Some examples of opportunity costs are:giving up your favorite movie to study (in order to get good grades). The opportunity cost is the movie that has been forgone.attending Baseball training (in order to be a better player) instead of going to your favorite night club when the best artiste would be performing; the club has been forgone/opportunity cost/best next alternative.Opportunity costs are the benefits you could have received by taking an alternative action.
What are some examples of external environmental costs?
Raw materials
What are some examples of the costs of capital?
Some examples of costs of capital would be a company for example seeking financial assistance. This would weigh up the costs and benefits of a project in order for you to find out whether it would be worth while.
What are some examples of committed fixed costs?
leasing costs, committed costs are fixed costs that are caused by the possession of facilities, materials, etc.
Examples of start up costs?
Some examples of start up costs include: Installing equipment Acquiring premises Renovating Premises Initial stock License agreements
What are some examples of an opportunity benefit?
if your mom tell u to do a chore and she give you allowance for doing it would be an example of opportunity benefit
What are some examples of fixed costs?
* Rent * Payroll for Salaried Employees
What are some examples of hyperbola?
There are millions of examples of hyperbole. You could say that milk costs about a thousand dollars today for example.
What can a decision- making grid do?
help you determine the oppotunit cost of your decision.
Why are there always opportunity costs when we shift from making one to another?
some resources are better suited for use in making the first product.
