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What statement accurately describes how costs and benefits are calculated?
Calculations of cost and benefit are based on personal preferences.
In economics the choice to do something is also the choice to not do something?
Yes, when you choose to do one activity over another your forego the benefits of the other option. This is considered opportunity costs.
What are Social and private benefits in economics?
social benefits are social and private benefits are private.
What are contracting costs in economics?
These costs include search and information costs, bargaining and decision costs, and drafting, policing, and enforcement costs.Ref: C. Dahlman (1979), "The Problem of Externality," The Journal of Law and Economics 22, 148-162.
What were some of the costs and possible benefits of expedition?
What were some of the costs and possible benefits of expedition
What describe how costs and benefits are calculated?
Calculations of cost and benefit are based on personal preferences.
What statement accurately describes how costs and benefits are calculated?
Calculations of cost and benefit are based on personal preferences.
In economics the choice to do something is also the choice to not do something?
Yes, when you choose to do one activity over another your forego the benefits of the other option. This is considered opportunity costs.
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
What are Social and private benefits in economics?
social benefits are social and private benefits are private.
What was an argument of dove against the Vietnam War?
The costs of victory outweighed the benefits.
Profit is calculated by subtracting costs from?
Profit is calculated by subtracting operating costs from gross revenues.
What are contracting costs in economics?
These costs include search and information costs, bargaining and decision costs, and drafting, policing, and enforcement costs.Ref: C. Dahlman (1979), "The Problem of Externality," The Journal of Law and Economics 22, 148-162.
What were some of the costs and benefits of expeditions for expedition?
the costs and benefits was a chance of finding riches
What were some of the costs and benefits of explorers and sponsors?
the costs and benefits was a chance of finding riches
What were some of the costs and possible benefits of expedition?
What were some of the costs and possible benefits of expedition
What were some of the costs and benefits of expeditions for explorers and sponsors?
the costs and benefits was a chance of finding riches
