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What is the benefits and costs derived from the choices you make?
Wiki User
∙ 14y ago
the opportunity cost
Wiki User
∙ 14y ago
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What are environmental costs?
The monetary impact from the negative environmental effects resulting from the choices we make.
What are some costs and benefits of buildings?
You get to make money and build a community But it costs money to create it.😊
What are some costs and benefits of building colonies?
You get to make money and build a community But it costs money to create it.😊
Why are decisions based on expected costs and benefits?
People want to make decisions that will benefit them. If the costs are higher than the benefits, they will not make the decision to do something.
How do lawmakers make good environmental decisions?
By weighing the costs and benefits of an environmental issue
What is the correct order of steps to show how a cost-benefit analysis is done?
Be presented with a decision. List the costs of the decision. Figure out all of the benefits of the decision. Compare costs and benefits to see which is bigger. OR Come up with an option. Determine the costs of the decision. Calculate the amount of benefit that would be gotten from choosing the option. See if the benefits outweigh the costs to make a decision.
How did the colonists make choices and incur opportunity costs with scarcity?
they ensured that limiting their intake and created a balance between need and resources
Why business choose between good ethics and financial benefits?
Businesses choose between good ethics and financial benefits because they fail to recognize that practicing ethically results in financial benefits in the long run. In other words, they make such choices when they are short-sighted.
How do you make good choices?
You make good choices by listening being good.
What reason opportunity cost arise?
As economic goods are limited, one has to make choices to satisfy his needs. Thus, due to limited economic goods, opportunity costs rise.
When is it ok to use deception in research?
It depends on the research. If you intend on using deception, make sure you weigh the costs of the research and the benefits that could result from it.
Do the choices you make determine who you are?
No, but the choices you make do have a fair bit to do with how the world sees and judges you.
