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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
Logan chooses to study for an economics test instead of going hiking The opportunity cost is?
The good grade Logan will receive as a result of studying
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.
When a state government chooses to build more roads the required resources are no longer available for spending on public education. This dilemma illustrates the concept of what?
Opportunity cost.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
How does cost different from opportunity?
"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.
How does cost differ from opportunity costs?
"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.
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 does a top end Panasonic Laptop cost?
A top of the line Panasonic laptop will vary in cost depending upon the features a buyer chooses. The highest priced Panasonic laptop is the Panasonic Toughbook CF-53, which costs about seventeen hundred dollars.
Logan chooses to study for an economics test instead of going hiking The opportunity cost is?
The good grade Logan will receive as a result of studying
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.
When a state government chooses to build more roads the required resources are no longer available for spending on public education. This dilemma illustrates the concept of what?
Opportunity cost.
When a state government chooses to build more roads the required resources are no longer available for spending on public education This dilemma illustrates the concept of?
Opportunity cost.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
Is opportunity cost the rate of return available to an investor for a given level of risk?
No!Opportunity cost is the cost (sacrifice) forgone (or lost) as a consequence of choosing one option over an alternative that may be equally desired. Thus, opportunity cost is the cost of making one choice rather than another. Every action has an opportunity cost! And it is not restricted to only monetary or financial matters: when a person chooses one leisure activity (option 'A') rather than another that was equally desirable (option 'B'), they 'lose' the pleasure etc that would have been enjoyed had they chosen option 'B'. This 'loss' would be the 'opportunity cost' of making choice 'A'. The exercise of choice invariable restricts the chooser from making certain other choices. There are many mutually exclusive choices in life. A person who chooses to marry does so at the 'cost' of the advantages and freeness of singleness. In economics, 'opportunity cost' is a very important concept, because it forces the decision maker to evaluate, not only the benefits of pursuing a certain course, (e.g. course 'A'), but also to evaluate the direct loss of other opportunities that could be taken if course 'A' is not taken. For example, an investor may decide to put all his money into financing a particular project. But, by using the 'opportunity cost' concept, he also is well aware that he does so at the 'opportunity cost' i.e. the cost of lost opportunity, the opportunity to get, perhaps bigger or more secure returns elsewhere.
How much do a roll laptop cost?
how much roll laptop cost
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
