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What was the opportunity cost of non GM food for many buyers before 2008?
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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.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
How do you deal with opportunity cost in NPV estimates should I treat opportunity cost as cost annually or as some costs like equipment cost in Year 0 before implementing this project?
It depends on the situation if the opportunity cost is lost only once througout the whole project life then it will be charged once in that year but if opportunity is lost for every year of the project then this cost will be charged to every year till the end of project so it should be dealt according to the timing of opportunity arises.
What is the opportunity cost of dropping out of school before your high school graduation?
Lower future income
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
Why students watch more TV the week after the examination than the week before the examination use the principle of opportunity cost?
Students may choose to watch more TV the week after exams because the opportunity cost of doing so is lower. Before exams, the opportunity cost of watching TV is higher as students prioritize studying. However, after exams, with no immediate academic commitments, the opportunity cost of watching TV decreases, leading students to indulge in this leisure activity more.
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
What do you understand by the term opportunity cost?
Opportunity cost is what you give up in order to get something else. Paying money is the opportunity cost for ice cream for example.
Why does opportunity cost vary?
Opportunity Cost can vary depending on what you are giving up exactly.
What has the author Charles Ian Buyers written?
Charles Ian Buyers has written: 'Principles of cost accountancy'
What does increasing marginal opportunity cost mean?
As we decide to choose more units of anything, the opportunity cost of each additional unit will rise. This means that the opportunity cost of the second unit will be greater than that of the first unit. The opportunity cost of the third unit will be greater than that of the second unit. And so forththe law of opportunity cost states that the more of a product that is produced,the greater is its opportunity cost,hence increasing marginal opportunity cost in simple terms refers to an extra or additional opportunity cost of foregoing other products to produce a unit of another product
What is the difference between constant opportunity cost and increasing opportunity cost?
Real cost is the price which is real not a fake price
