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What best explain why considering opportunity costs is a rational thing for consumers to do?
Wiki User
∙ 6y ago
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Briana Kuhic
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Who is consumers Explain?
Consumers are the Creatures that use up products.
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.
Define opportunity and explain three approaches to opportunity identification?
Approaches to opportunity identification include market gap identification through evaluation of potential competitors. Buying into an existing venture
Which type of organis producers primary consumers or secondary consumers would have the largest population Explain your choice?
Secondary consumers has the largest population because certain products have to go through various chains for them to reach certain people.
Explain difference between total and marginal utility. Define UTILITY. How do consumers maximize UTILITY?
explain the difference between total utility and marginal utility
Considering tax incidence explain why some states do not charge sales tax for basic food items?
To reduce the cost of the necessary food to the consumers that have to purchase it.
How do you explain how to disentangle hair after shampooing and explain the importance of considering the cuticle scales?
Explain how to disentangle hair after shampooing and explain the importance of considering the cuticle scales:
Who is consumers Explain?
Consumers are the Creatures that use up products.
Are all rational numbers whole numbers if no explain?
No, 1/2 is rational, but not a whole number.
Is 0.0400040004 a rational number explain your reasoning?
It is rational because it can be expressed as the ratio 400040004/10000000000.
Which number can be multiplied to a rational number to explain that the product of two rational numbers is rational?
It must be a generalised rational number. Otherwise, if you select a rational number to multiply, then you will only prove it for that number.
Explain about the consumers' taste for the good?
hahahahhahahhah
Explain Why is 0.55555 is a rational number?
It can be written in the form of the ratio 55555/100000.
When dividing 5 by 4 is your answer rational number explain?
A rational number is, by definition, the answer from dividing one integer by another.
Explain the similarities and the differences between fractions and rational expression?
similarities and differences between ordinary fractions and rational expressions.
Is -6.743743 rational or irrational number explain?
It is a rational number because it is a terminating decimal number which can also be expressed as a fraction
Are all terminating and repeating decimals rational numbers Explain?
Yes, they are.
