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Example of economic trade-off?
An example of an economic trade-off would be a weighing the cost of fixing old equipment against the cost of buying new equipment. A trade-off is a comparison of the cost of one thing against the cost of another.
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 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 :)
What is the difference between trade-off and oportunity cost?
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
Why is opportunity cost measured in monetary terms?
To make it different from trade-off
Example of economic trade-off?
An example of an economic trade-off would be a weighing the cost of fixing old equipment against the cost of buying new equipment. A trade-off is a comparison of the cost of one thing against the cost of another.
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 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 :)
What is the difference between trade-off and oportunity cost?
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
How much does a 3ds cost if you trade in for your ds?
Initially a 3DS costs about $270. If you trade in you DSI you get $75 off. Trade in DSIXL for $100 off. DS lite gets $50 off (if you were wondering)
Why is opportunity cost measured in monetary terms?
To make it different from trade-off
What does 'Trade off against' mean?
This refers to the fact that there is often a compromise regarding the benefits and the costs of certain outcomes. Sometimes there is a need to compromise, and to understand that there is a cost to most beneficial things. The US Congress has brought this concept to the level of art. Much of great art is static. Trade off could be seen as a basic concept of "cost-benefit" analysis.
What did economists measure and define trade-offs as?
When economists defined trade-off, they measured opportunity cost. Trade-off is letting go something of value in exchanging for something else that still has some value.
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 :)
S-curve (population increase that is slow then accelerating then slowing and finally leveling off)?
Logistic growth
S-curve population increase that is slow then accelerating then slowing and finally leveling off?
Logistic growth
What are the three important concepts of Logistics management?
The cost trade off The total cost concept The total system concept
