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Explain with the help of production possibility diagram the concept of opportunity cost?
Wiki User
∙ 9y ago
Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.
Wiki User
∙ 9y ago
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A popular modle used to illustrate the concept of opportunity cost is?
production possibility frontier
What is an important concept of Production possibility frontier?
an important concept of production possibility frontier is when you bang your head and think again if you should be using the net instead of roaming the libraries.. this question is and idiotic one... f*ck you!
A popular model used to illustrate the concept of opportunity cost is?
The Production Possibilities frontier/curve
How is the concept of opportunity relevant to the economy of west African countries?
How is the concept of opportunity cost relevant to the economy of west African countries
Is production a stock and income a flow?
yes, production is a stock concept and income is a flow concept.
A popular modle used to illustrate the concept of opportunity cost is?
production possibility frontier
What is an important concept of Production possibility frontier?
an important concept of production possibility frontier is when you bang your head and think again if you should be using the net instead of roaming the libraries.. this question is and idiotic one... f*ck you!
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A popular model used to illustrate the concept of opportunity cost is?
The Production Possibilities frontier/curve
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Putin speaks German. Angela Merkel speaks fluent Russian.
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How is the concept of opportunity relevant to the economy of west African countries?
How is the concept of opportunity cost relevant to the economy of west African countries
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How is the concept opportunity cost relevant to the economy of West African countries?
How is the concept of opportunity cost relevant to the economy of west African countries
