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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 else can I help you with?
What is the example of opportunity seeker?
examples of opportunity seekers
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
Examples of opportunity?
like as if you were to do things in a busy way.
Explain with the help of production possibility diagram the concept of opportunity cost?
Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.
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 examples of people's opportunity and threats?
Opportunities: These are positive ideas. Threats: These are the hindrances to your ideas. -Y
What resorts offer the opportunity to join dolphins in the water swimming?
There are many resorts that offer the opportunity to join dolphins in the water swimming. Examples of resorts that offer the opportunity to join dolphins in the water swimming includes Atlantis and Anthony's Key Resort.
What are the examples of words with secondary stress?
Some examples of words with secondary stress include "environment," "opportunity," "management," and "assistance." These words have stress on the second syllable after the primary stress.
Give two examples of the possible opportunity cost of a government building a new hospital?
Agriculture and animal husbandry
What are the examples of opportunity co?
Opportunity costs refer to the potential benefits or returns that are foregone when choosing one option over another. Examples include deciding to attend college instead of working full-time, where the opportunity cost is the income you could have earned during that time. Another example is choosing to invest in stocks rather than bonds, where the opportunity cost is the difference in potential returns from the alternative investment. Additionally, spending money on a vacation instead of saving for a home represents an opportunity cost in terms of future financial security.
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 cost would be the large amount of money that would need to be invested in order for a company to make itself more environmentally-friendly (like installing solar panels).
What are some examples of opportunity cost in decision-making processes?
Opportunity cost refers to the benefits that are forgone when choosing one option over another. Examples of opportunity cost in decision-making processes include choosing to study for a test instead of going out with friends, investing in stocks instead of saving money in a bank account, or spending time volunteering at a charity instead of working a part-time job for extra income.
