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trade-off means in exchange of one thing in return of another oportunity cost means the cost of alternative that must be forgone in order to pursue a certain action
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Under what conditions is the production possibilities frontier linear rather than bowed out?
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
What is the difference between price and average cost?
marginal cost
What is the difference between marginal cost and standard cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
What is the difference between Cost of revenue and revenue?
m mnmk
What is the difference between opportunity benefits and opportunity cost?
yeahhh
Difference between opportunity cost and a tradeoff?
Opportunity cost is that amount which is to forego by adapting different mutual exclusive investing opportunities while tradeoff value is the exchange value of old asset while purchasing same new asset.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
What is the difference between differential cost and incremental cost?
There is no difference
Under what conditions is the production possibilities frontier linear rather than bowed out?
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
Difference between real cost and money cost in about 300 words?
what is the difference?
What is the difference between prime cost and variable cost?
lina
What is the difference between price and average cost?
marginal cost
Difference between standard cost actual cost and normal cost?
prices
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What is the difference between cost minimization and cost reduction?
bogo ka!
What is the difference between income and profit?
cost
