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Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
How does the existence of scarcity give rise to the concepts of opportunity cost?
Due to scarcity of income and resource one has to forgo a certain wants for the demand of others which maybe essential hence leaving those wants unsatisfied to satisfy others
What are the example of there is no such thing as a free lunch?
economic theory states that there is no such thing a a free lunch. the reason for this is someone has to pay for that sandwich that you are about to eat for "free." someone produced and payed for the bread and meat in the sandwich, then it is bought by stores, then the place that made you the sandwich had to buy those meats, and now you get to eat that sandwich that cost you nothing but it cost other people money.
What accurately describes in which consumers have elastic demand?
Consumers have elastic demand when their quantity demanded for a product significantly changes in response to price fluctuations. This typically occurs with non-essential goods or services, where substitutes are readily available, allowing consumers to easily switch if prices rise. For example, luxury items or specific brands often exhibit elastic demand, as consumers can forgo these purchases or choose alternatives if the price increases. Conversely, essential goods with fewer substitutes tend to have inelastic demand, as consumers will continue to purchase them regardless of price changes.
When you give up one thing to get something else what is it called?
When you give up one thing to gain something else, it's called an opportunity cost. This economic concept refers to the value of the next best alternative that you forgo when making a decision. It highlights the trade-offs involved in choices, emphasizing that every decision has potential benefits and drawbacks.
What is an example of a sentence using the word forgo?
"I intend to forgo breakfast tomorrow morning."She wanted to forgo the desert and leave while they could.
Should fitness classes be introduced in to child care centres?
For the parents yes. For the children no. Children don't "need" fitness centers. That's why they have two legs and more energy than 60 rockets going to the moon. being a child is exercise enough. ( that is if you let your child play, and forgo the x-box for a few hours)
When was Diana Forgo born?
Diana Forgo was born on March 21, 1972, in Szeged, Hungary.
Does forgo have a plural?
Forgo is a verb (meaning to go without; refrain from). It has no noun form.
What is a word for to forgo voluntarily?
waive
What is the past participle of forgo?
forgone
What word is spelled with the letters ROFOG?
Forgo
What is an antonym for acquire?
Forgo, surrender oryield.
Why is there a cost associated with reinvestment earnings?
Reinvestment earnings, while they contribute to a company's growth, have an associated cost because they often represent an opportunity cost. When profits are reinvested rather than distributed to shareholders as dividends, investors forgo immediate returns that could have been utilized elsewhere for potentially higher returns. Additionally, reinvested earnings may involve risks and uncertainties, as the effectiveness of the reinvestment is not guaranteed. Therefore, the cost of reinvestment lies in the lost alternatives and the inherent risks involved in pursuing growth.
What are the advantages and disadvantages for AMSC to forgo their debt financing and take on equity financing?
What are the advantages and disadvantages for AMSC to forgo their debt financing and take on equity financing?
What has the author William Forgo written?
William Forgo has written: 'California ..' -- subject(s): Guidebooks 'Southern Atlantic States and Washington, D.C' -- subject(s): Guidebooks
What is the compound word for go?
forgo undergo go-cart
