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What is the opportunity cost of a shirt if it was purchase for 500 instead of a pair of shoes?
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What is the concept of opportunity cost?
Opportunity cost is a similar concept to cost of capital, except that it suggests that "your money can only be spent once." The opportunity cost of a purchase is the loss of potential value (monetary or otherwise) incurred because one item is purchased rather than another. For example: the opportunity cost of buying a coat might be the value of having new shoes instead. In supply and demand, the question is of capital and equipment utilization -- how much of other products must you choose not to make in order to make a unit of a product? For example: how many caps will be made instead of gloves, where the opportunity cost is the value of the gloves that will not be made (the choice that was not taken).
What standards do prices set?
"Without prices as a standard measure of value, a seller would have to barter for goods by bidding shoes or apples to purchase a sweater"
How much did a woman's shoes cost in 1970?
The cost of shoes in the 1970's were around $14.00-$22.00 for men's dress shoes. Women's dress shoes cost approximately the same.
Are expensive shoes better that cheap shoes?
It depends. For example I bought some shoes from Pull and Bear for 12 pound and in a week they were wrecked so then a bought some shoes from Primark for 5 pound and they lasted me a few months!
How much did a pair of shoes cost in 1920?
In 1920, a pair of shoes cost around $3.80. The typical person would spend about 15% of their income on shoes and clothing.
Brown shirt what color shoes?
Shoes should be closer in color to pants than shirt.
Do men look good with white shoes and a black shirt?
Yes but they look better with a white shirt and black shoes.
What color shoes do you wear with pink shirt and jeans?
Pink shoes
Is it ok to wear black shoes with tan pants and a dark blue shirt?
Brown would be better but without the dark blue shirt, maybe a brown shirt and brown shoes or a black shirt and black shoes. That would be much better. Dark blue and tan= wrong.
What pants and shirt go with green shoes?
White pants, green shirt.
What is the concept of opportunity cost?
Opportunity cost is a similar concept to cost of capital, except that it suggests that "your money can only be spent once." The opportunity cost of a purchase is the loss of potential value (monetary or otherwise) incurred because one item is purchased rather than another. For example: the opportunity cost of buying a coat might be the value of having new shoes instead. In supply and demand, the question is of capital and equipment utilization -- how much of other products must you choose not to make in order to make a unit of a product? For example: how many caps will be made instead of gloves, where the opportunity cost is the value of the gloves that will not be made (the choice that was not taken).
Where can one purchase Bernardo shoes?
You can purchase Bernardo shoes from stores such as Nordstrom and Zappos. Alternatively, you can purchase these shoes online from retailers such as Amazon.
What are the top places to purchase wide shoes?
You can purchase wide shoes online. To purchase such shoes, go to www.zappos.com, www.shoebuy.com. There are many shoes available with different styles and sizes.
How do you not have shoes on on Fantage?
if you have the disco outfit! Take that off by clicking on a shirt or something. Never shoes! And you have no shoes. Yay!
Where can one purchase Ariat shoes?
You can purchase Ariat shoes online from stores such as Zappos. Alternatively, you can also purchase these shoes online from retailers such as Amazon.
Where can one purchase Y3 shoes?
You can purchase Y3 shoes from stores such as Nordstrom and Zappos. Alternatively, you can purchase these shoes online from retailers such as ლBabaReplicaლ.
Where can one purchase Clae shoes?
You can purchase Clae shoes from stores such as Nordstrom and Zappos. Alternatively, you can purchase these shoes online from retailers such as WeeReplica.
