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Unfortunately, capitalism as currently practiced is little more than a combination of business socialism, national socialism with a little capitalism mixed in. We get more of what we're willing to pay for. When we pay for people to be indigent, helpless and ignorant, we will get more of that. When we pay for businesses to fail (corporate bail-outs) we'll get more of that too. It wasn't that many years ago that Chrysler Corp. received a large government bail-out. Now the company has been purchased by a German Conglomerate.
What else can I help you with?
What do economists call the next best alternative?
Economists call opportunity cost the next best alternative that has been given up. This is the cost of forgoing something and picking an alternative like using college fees to start a business.
What is the value of the next best alternative that you give up when you choose to do something else?
The value of the next best alternative that you give up when you choose to do something else is known as the opportunity cost. It represents the benefits or value that could have been gained by choosing the alternative option instead.
What is the formula to calculate economic opportunity cost?
Opportunity Cost = Cost of Selected Alternative - Cost of Next Best Alternative If you want to buy a dress, purse, and earrings but you don't have enough money for all three, you ask yourself what do I need/want most? That is your "selected alternative. Then you ask yourself, what is the next thing I'd need/want if I could buy it? Then you would subtract that, "cost of next best alternative" from your original item, "cost of selected alternative." Dress= $100 Purse= $50 Earrings= $75 Opportunity cost of a dress (when you would ALSO want earrings (NBA), when having to choose over earrings or purse): 100-75= $25 $25 is the difference between the cost of the desired alternative and the cost of the next best alternative.
When one decision is made the next best alternative not selected is called?
Opportunity Cost
When one decision is made the next best alternative decision not selected is called?
Opportunity Cost
What do economists call the next best alternative?
Economists call opportunity cost the next best alternative that has been given up. This is the cost of forgoing something and picking an alternative like using college fees to start a business.
If a NFL team fails to sign its draft pick do they get another pick in the next draft?
No.
Who will Juliet go to for help once the nurse fails her?
Her next choice for counsellor is the Friar.
If a 4th grader fails the STAAR tests will he be able to move on to the next grade?
If you fail the STAAR tests, you will not proceed to the next grade.
What is the value of the next best alternative that you give up when you choose to do something else?
The value of the next best alternative that you give up when you choose to do something else is known as the opportunity cost. It represents the benefits or value that could have been gained by choosing the alternative option instead.
What is the proxy for Canada?
The term "Proxy" refers to next best option. hence proxy is the available next best alternative
When the first attempt to flush out ralph fails what is next attempt?
to chase him onto the beach and trap him there with the fire.
What is the formula to calculate economic opportunity cost?
Opportunity Cost = Cost of Selected Alternative - Cost of Next Best Alternative If you want to buy a dress, purse, and earrings but you don't have enough money for all three, you ask yourself what do I need/want most? That is your "selected alternative. Then you ask yourself, what is the next thing I'd need/want if I could buy it? Then you would subtract that, "cost of next best alternative" from your original item, "cost of selected alternative." Dress= $100 Purse= $50 Earrings= $75 Opportunity cost of a dress (when you would ALSO want earrings (NBA), when having to choose over earrings or purse): 100-75= $25 $25 is the difference between the cost of the desired alternative and the cost of the next best alternative.
What is the right of the governed if the government fails to achieve its purpose?
To put someone else in charge during the next election.
If the use plastic bags is stopped then what is the next alternative for carrying goods?
the alternative is using woolen bags because we will nearly always have sheep to provie the wool
If the use of plastic is stopped then what is the next alternative for carrying goods?
fabric or something strong
When one decision is made the next best alternative not selected is called?
Opportunity Cost
