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Opportunity cost applies to the statement the choice to do something is the choice not to do something else.

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Cyril Kohler

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19h ago

Opportunity cost. It refers to the potential benefits that are forfeited when choosing one option over another.

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Q: What term applies to the statement the choice to do something is the choice to not do something else?
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What makes something relevant to something else?

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What is the meaning of serindepity?

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What is an example of a relativist statement?

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Related questions

What term applies to the statement the choice to do something is the choice not to do something else?

Opportunity cost applies to the statement the choice to do something is the choice not to do something else.


In economics the choice to do something is also the choice to not do something else?

Opportunity cost is the choice to do something but choosing that requires you not to something else.


Is economics the choice to do something is also the choice to do not do something else?

secondary effect


In economics the choice to do something is also the choice to not do something else.?

secondary effect


What does statement mean?

an analogical statement is a statement that compares, or makes an analogy of, something and something else


Why does your if and else statement both executes?

That never happens, you misunderstood something.


When you die of cancer do you have the choice of been buried?

It is your choice as to what you want to happen to you after you die, so you do have a choice to be buried or to do something else, like cremation.


What is if in C?

If is a keyword that introduces a conditional expression. If the expression evaluates true, the statement or statement block that follows is executed, otherwise control is passed to the line following the statement or statement block, which may be another conditional expression. if( expression_1 ) { // do something when expression_1 is true } else if( expression_2) { // do something when expression_1 is false but expression_2 is true } else { // do something when both expression_1 and expression_2 are false }


What does default mean in switch statement?

Default clause in switch statement used to indicate that the desired option is not available with the switch case statement. it is similar to else statement of if statement which is used when the condition does not satisfy.


What is the best definition of hearsay?

A statement by a witness that recounts something he or she heard from someone else, rather than something that he or she saw.


Syntax of nested if in c?

If(condition) { if-else statement; } else { if-else statement; }


If choosing something means you give up something else what is the economic term for this?

The economic term for the cost of a choice is the opportunity cost.