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What is an alternative sacrificed because of an economic decision?
Wiki User
∙ 11y ago
cost
Wiki User
∙ 11y ago
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Because subjective decisions are based on a person's unique values and beliefs economic decisions .?
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
Why does choice create opportunity cost?
choice involves selecting for which good or service to go for or the best alternative.
What are the importance of opportunity cost?
Opportunity cost analysis plays a vital role in decision making process during selection of alternative projects because one project may be looks feasible in absence of opportunity cost but when considering the foregoing cost of any other alternative may make that project or decision unfeasible or vice versa.
Why is it that economics is the study of human behavior?
This is because economic's central theme is opportunity cost. Opportunity cost can be defined as the best alternative choice that you forgo when making an economic decision. Therefore, economics study these "choices" to choose the best choice, minimize the opportunity cost for that choice.
Goods are scarce because people desire much more than the economy can produce.How can this scenario worsen the economic situation of the nation?
Goods are scarce if they are limited in number and have alternative uses. The economic term "scarce" doesn't mean few. It means that there isn't an infinite amount of the resource.
How did the aztecs try to please their gods?
They sacrificed one another because when one sacrificed to them it was an honor.
Because subjective decisions are based on a person's unique values and beliefs economic decisions .?
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
What traits do Abraham Lincoln and frederick douglass exhibit to be considered heroes?
Abraham Lincoln chose to go to war forba good reason and had sacrificed his life to make the decision to fight for our country and Fredrick Douglas sacrificed his life for freedom. Because he wanted freedom in our country. They were both considered heroes, to this county of ours
Why does choice create opportunity cost?
choice involves selecting for which good or service to go for or the best alternative.
What happend to the losers in the pok a tok?
They were usually sacrificed because the game was played to determine which men were stronger.
Did Cleopatra sacrifice herself for her country?
No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.No, Cleopatra did not sacrifice herself for her country. She sacrificed herself, or committed suicide, because she could not take the humiliation of defeat.
What are the importance of opportunity cost?
Opportunity cost analysis plays a vital role in decision making process during selection of alternative projects because one project may be looks feasible in absence of opportunity cost but when considering the foregoing cost of any other alternative may make that project or decision unfeasible or vice versa.
Why were the Aztecs hated and feared by the people they conquered?
They were hated and feared because they sacrificed them.
Why were the Aztecs feared and hated by the people they conquered?
They were hated and feared because they sacrificed them.
What did Athena do to get sacrifice?
she didnt get sacrificed because gods never die or cant die
Why is it that economics is the study of human behavior?
This is because economic's central theme is opportunity cost. Opportunity cost can be defined as the best alternative choice that you forgo when making an economic decision. Therefore, economics study these "choices" to choose the best choice, minimize the opportunity cost for that choice.
Why is a responsible decision a good decision?
Because an irresponsible decision is a bad one
