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What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
Explain with the help of production possibility diagram the concept of opportunity cost?
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.
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
Does increasing opportunity cost occur when resources are being used at their peak efficiency when does opportunity cost increase?
it is a sacrifice that one has to make between the alterntive he or she chooses to the next best alterntive
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
Explain with the help of production possibility diagram the concept of opportunity cost?
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.
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
Does increasing opportunity cost occur when resources are being used at their peak efficiency when does opportunity cost increase?
it is a sacrifice that one has to make between the alterntive he or she chooses to the next best alterntive
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.
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
Why does opportunity cost increase as choices are made?
Opportunity cost increases as choices are made because each decision involves giving up the next best alternative. As more choices are made, the options that are foregone become more valuable, leading to a higher opportunity cost.
Why does the opportunity cost of doing homework increase as you spend more time doing it?
Opportunity cost of doing homework increases as you spend more time doing it because of the time you are allocating for it. You can be accomplishing something else.
Why do opportunity cost increase?
Opportunity cost increases when the options for utilizing resources become more valuable or scarce. This forces decision-makers to forgo more valuable alternatives, resulting in an increase in opportunity cost. Additionally, as the value of competing choices rises, the potential benefits that could have been gained from the next best alternative also increase, leading to a higher opportunity cost.
What are the examples of opportunity cost in a business?
An opportunity cost means that, in order to do one thing, you must give up something else (those something else's are the opportunity costs). An example of an opportunity cost would be the large amount of money that would need to be invested in order for a company to make itself more environmentally-friendly (like installing solar panels).
Give two examples of the possible opportunity cost of a government building a new hospital?
Agriculture and animal husbandry
What are some examples of cost drivers in accounting?
Cost drivers are activities that increase the cost of a product. Direct labor and packaging are both cost drivers for products.
