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What the relationship between trade off and opportunity cost?
The relationship between trade offs and opportunity costs is that they both have to do with Economics. A person has to make a choice that would have to sacrifice.
Which of the following best describes the relationship between trade-offs and opportunity costs?
opportunity cost are incurred when trade-offs are made
What is another name for opportunity cost?
trade offs
What is the relationship between production possibility frontier and opportunity cost?
An opportunity cost is the alternative choices that can be made with the allocation of scarce resources. A production possibility frontier is a graph illustrating those opportunities and comparing their results.
How does an opportunity cost differ from a trade -off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How does an opportunity cost differ from trade offs?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How does an opportunity cost differ from a trade-off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How are trade-offs and opportunity cost related?
"trade-off" as the choice you have to make between two options, given limited resources and the ability to only choose one. After you make the choice, the "opportunity cost" is the lost chance to enjoy an item you did NOT select because of the choice you just made.
What is the difference between opportunity benefits and opportunity cost?
yeahhh
What is the difference between constant opportunity cost and increasing opportunity cost?
Real cost is the price which is real not a fake price
How trade-off and opportunity cost different?
The trade-offs and opportunity costs are different from an economic standpoint in the sense that trade-offs are situations where you give up one thing in favor of another.
How are trade-offs and opportunity cost different?
The trade-offs and opportunity costs are different from an economic standpoint in the sense that trade-offs are situations where you give up one thing in favor of another.
