Unfortunately, capitalism as currently practiced is little more than a combination of business socialism, national socialism with a little capitalism mixed in. We get more of what we're willing to pay for. When we pay for people to be indigent, helpless and ignorant, we will get more of that. When we pay for businesses to fail (corporate bail-outs) we'll get more of that too. It wasn't that many years ago that Chrysler Corp. received a large government bail-out. Now the company has been purchased by a German Conglomerate.
Economists call opportunity cost the next best alternative that has been given up. This is the cost of forgoing something and picking an alternative like using college fees to start a business.
Opportunity Cost = Cost of Selected Alternative - Cost of Next Best Alternative If you want to buy a dress, purse, and earrings but you don't have enough money for all three, you ask yourself what do I need/want most? That is your "selected alternative. Then you ask yourself, what is the next thing I'd need/want if I could buy it? Then you would subtract that, "cost of next best alternative" from your original item, "cost of selected alternative." Dress= $100 Purse= $50 Earrings= $75 Opportunity cost of a dress (when you would ALSO want earrings (NBA), when having to choose over earrings or purse): 100-75= $25 $25 is the difference between the cost of the desired alternative and the cost of the next best alternative.
Opportunity Cost
Opportunity Cost
opportunity cost
Economists call opportunity cost the next best alternative that has been given up. This is the cost of forgoing something and picking an alternative like using college fees to start a business.
No.
Her next choice for counsellor is the Friar.
If you fail the STAAR tests, you will not proceed to the next grade.
The term "Proxy" refers to next best option. hence proxy is the available next best alternative
Opportunity Cost = Cost of Selected Alternative - Cost of Next Best Alternative If you want to buy a dress, purse, and earrings but you don't have enough money for all three, you ask yourself what do I need/want most? That is your "selected alternative. Then you ask yourself, what is the next thing I'd need/want if I could buy it? Then you would subtract that, "cost of next best alternative" from your original item, "cost of selected alternative." Dress= $100 Purse= $50 Earrings= $75 Opportunity cost of a dress (when you would ALSO want earrings (NBA), when having to choose over earrings or purse): 100-75= $25 $25 is the difference between the cost of the desired alternative and the cost of the next best alternative.
to chase him onto the beach and trap him there with the fire.
the alternative is using woolen bags because we will nearly always have sheep to provie the wool
This is the next world:
fabric or something strong
Opportunity Cost
To put someone else in charge during the next election.