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The benefits lost when making one choice over another
Fallen Angel
Wiki User
∙ 12y agothe dollar value of what you give up when you choose to do one thing
rather then another. (:
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What do economists the next best alternative that had to be given up for the one chosen?
opportunity cost
What is the opportunity cost of decision?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What is the the opportunity cost of a decision?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What is implicit cost of capital?
the opportunity cost or value of the best by a business
Opportunity cost definition?
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
What do economists the next best alternative that had to be given up for the one chosen?
opportunity cost
What is capital cost?
the opportunity cost or value of the best by a business
What is Cost of capital?
the opportunity cost or value of the best by a business
Definition of scarcity and opportunity cost by Bernardo Villegas?
Opportunity cost refers to the economic benefit forgone by using a resource for one purpose rather than another.
What is opportunity cost of a decisions?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What is the opportunity cost of decision?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What is the the opportunity cost of a decision?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What is implicit cost of capital?
the opportunity cost or value of the best by a business
Opportunity cost definition?
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
What is opportunity cost of competition?
this is best forgone altarnative
How opportunity cost is measured?
how is opportunity cost measured {Finding the value of the best options that is not chosen.}
Why do choices have an opportunity cost?
If it is a choice, then you are deciding between two or more options. The opportunity cost of whatever you decide means you have chosen the best option, with the next best option foregone.
