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It is something you give up for the best choice you picked. It is something you give up.
(I.E. You have two laptops Macbook and a HP, you picked a Macbook so your opportunity cost is the satisfaction of owning a HP).
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∙ 13y ago
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What is in between Dominique and Michael Dodd?
Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity, Space and oppurtunity,Space and oppurtunity!!!!!! Um all i know is that Theron Dingas is Gay!! Oh and Ryan has a big head!!
What is the definition of scarcity?
Scarcity is the lack of availability of something. ie. petrol oppurtunity cost is the next best alternative
Why retained earning does not have explicit cost?
because in reatined earning there is available of oppurtunity costs a beautul examples of Fd and savings as to aquire growing income by getting rate of interest as due to the inflationary and economical parameters. as we all know that the saving is also cost of oppurtunity to modify the explicit cot but not as retained earning vis vis ....
Opportunity cost is an objective measure of cost s true or false explain?
false. Oppurtunity cost is the cost of the next best choice you might make. For example you have five dollars. You can go to the theater and see a movie (in the past) for the full five dollars or you can go out to eat. If you choose to go to the theater but would have gone out to eat if you decided not to then the oppurtunity cost of going to the theater was not going out to eat. This can not be objective because there is no way to say for sure what the next best choice is going to be for anyone. Perhaps you would have bought pink fluffy slippers if you could not go to the theater. Perhaps someone else will miss studying for a test. If can not be guessed. Only the person themself can be able to decide what their oppurtunity cost is.
Tax on oppurtunity cost?
An opportunity cost is a theoretical calculation of how much money you might have made if you had done something other than what you actually did. I do not know of any taxes on theoretical calculations.
What does 'created equal' mean?
everyone has the same oppurtunity to do whatever they please. no one is inferior to any one else
What is oppurtunity seizing?
opportunity seizing
What does the name Lusile mean?
The name Lusile does not have a widely recognized meaning or origin. It may be a variant or combination of other names.
Why you are not pursue your course?
because i have no oppurtunity to get a work on what i finish in college
What is one benefit of free trade?
disadvantages are that the local farmers in Mexico get owned by corporate companies and there is more competition.Advantages- this competition creates lower cost of good and less of an oppurtunity cost because free trade tends to force countries into specializing in what they are good at and letting other countries specialize in other things. This increased efficiency results in a lower oppurtunity costThere are several advantages of free trade. Some of them include increased productivity, efficiency, satisfaction of consumers and so much more.
How can unemployement be eradicated?
by giving people the oppurtunity to prove themselves in a business
What is America known as?
i America is known as "The Land of Oppurtunity" or "The Land of Freedom"
