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What was the benefit of the soviet union decision to concentrate on heavy industry What was the opportunity cost and who paid it?
Wiki User
∙ 9y ago
The opportunity cost were the consumer goods and services.
Wiki User
∙ 11y ago
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Did France's decision to become involve in the war benefit France?
No
How did the age of industry benefit all Americans?
Because of the steel it helped the railroads improve.
How does Louisiana's industries benefit the state?
Louisiana's industry bring jobs to the state and taxable income.
How do you make money in a recession?
diversify your portfolio and concentrate on foreign exchange trading to benefit from the leakages from capital markets to currency markets. UK may further cut rates and a further reduction in VAT will depreciate the Pound sterling and hence an opportunity to convert your pounds to dollars now. Those investors who took same step three months a go are now about thirty percent richer. DAN-SALLAU
How do you calculate opportunity cost?
pportunity cost is the cost (sacrifice) incurred by choosing one option over an alternative one that may be equally desired. Thus, opportunity cost is the cost of pursuing one choice instead of another. Every action has an opportunity cost. For example, someone who invests $10,000 in a stock denies oneself the interest that one can easily earn by leaving the $10,000 dollars in a bank account instead. Opportunity cost is not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure or any other benefit that provides utility should also be considered. Opportunity cost is a key concept in economics because it implies the choice between desirable, yet mutually-exclusive results. It has been described as expressing "the basic relationship between scarcity and choice.
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
When a decision is made among a number of alternatives the benefit that is lost by choosing one alternative over another is the?
Opportunity Cost
What is an oppourtunity cost?
When Mutual exclusive decision is to be made or projects to be selected, the benefit which is left due to selection of one project instead of other project is the 'Opportunity Cost' for selecting one project over other. Example: Project 1 benefit = 100000 Project 2 benefit = 200000 Opportunity cost for project 1 = 200000 Opportunity cost for project 2 = 100000
How does Alabama's industries benefit others?
WHAT do they benefit industry of Alabama
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
What are some examples of an opportunity benefit?
if your mom tell u to do a chore and she give you allowance for doing it would be an example of opportunity benefit
How did industry benefit from industry?
Nationalism encouraged the development of large corporations
How would using a template in industry benefit the making of a pnodust?
it makes it easy for the industry.
What accurately describes how costs and benefits are calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
Will new technology benefit the electromedical and electro-therapeutic apparatus industry?
New diagnostic tools and surgical devices are expected to benefit the industry and patients alike
Will new technolgy benefit the electromedical and electro-therapeutic apparatus industry?
New diagnostic tools and surgical devices are expected to benefit the industry and patients alike
What industry benefit from appreciation of Canadian Dollar?
the bank
