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Finding the value of the best option that is not chosen. apex
What else can I help you with?
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
Subtracting costs from revenue calculates?
profit
When are opportunity costs present?
Every time a choice is made, opportunity costs are assumed.
What generates the law of increasing opportunity costs?
The law of increasing opportunity costs states that the more of a product that is produced the greater is its opportunity cost.
What method calculates the costs of goods sold based on the most recent purchases?
subtract the gross from the profit
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
What is thinking at the margin?
The opportunity costs and the benefits.
What is the relationship between trade and opportunity costs?
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.
Why can't opportunity costs exist without scarcity?
because opportunity itself is scarce too
What is the relationship between Trade-offs and opportunity costs?
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.
Is there a website that calculates transportation costs?
The website CommuteSolutions/calc (.html) has a great calculator for car driving costs. It is based on factors like depreciation, fuel, parking costs, and even tries to calculate enviromental damage.
Is opportunity cost define as the real cost or the variable cost?
The opportunity cost is defined as alternative cost - costs measured in output of products and services forgone.It can't be defined as variable cost. In the simple formula p = 2q + 100, we can say that 2 is the variable cost. In other words: it's not fixed like the 100.Opportunity costs are not restricted to financial or monetary costs though. The real costs of output forgone (e.g. when choosing between a number of products like shotguns and bananas), lost time / pleasure, or any other benefit that provides benefit should also be considered opportunity costs. Therefore real costs are part of opportunity costs.
