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What is the opportunity cost of acquiring new capital?
equals the interest
How scarcity force society to incur opportunity cost?
This is the basic economic problem: Infinite Wants--> Finite Resources--> Scarcity-->Choice--> Opportunity costs So the problem is: How can we allocate resources efficiently, knowing that they are an infinite number of wants (but fewer needs) and there are only a limited amount of resources, which are scarce. Because there is scarcity (deficit/lack of supply of resources), people are left with a choice: That choice is an opportunity cost. Opportunity costs is the cost/disadvantage that occurs from choosing the next-best-alternative because of scarcity. an example: the government wants to build a new highway, but ther land is scarce( there is not enough land), and so, the opportunity cost is to build a new public school. The opportunity cost is the efficiency and accesibilty of transportation. The next-best-alternative is usually chweaper but is in less quality/quantity than the initial good or service. So basically, because of scarcity, consuimers and producers have to make a choice: whose wants need to be satisfied? what is more important?
Why an increase in spending on police and armed forces may result in an opportunity cost?
Opportunity cost is defined as what you have to give up to get something. Specifically, the opportunity cost of doing something is the value of best alternative. For example, if Bob decides to watch TV instead of studying for a big science test he has in school the next day, the opportunity cost is that study time. All decisions carry an opportunity cost even in cases such as defense or public safety spending because there is always an alternate choice. For example, a city could choose to hire 50 new police officers or, with the same money, they could choose to hire 50 new teachers or build a new park or do any of a large number of things. In particular, if there is a greater need for something else, such as new teachers, then the opportunity cost of increasing police spending will be greater than any benefit from the spending. In that case, police spending would be a poor economic decision because there is another place to spend the money that will create more good for the city as a whole.
What would be the opportunity cost of a new 500 federal stimulus plan?
the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.
What is the opportunity cost that must be considered in order to make a decision to invest in a new project?
The opportunity cost that must be considered when deciding to invest in a new project is the potential benefits or profits that could have been gained from alternative investments or opportunities that are forgone by choosing to invest in the new project.
What is the linking verb in Public discussions about plans for the new highway will be controversial?
be
What is the opportunity cost of acquiring new capital?
equals the interest
What is opputunity cost?
Cost that you have to bear to choose between different alternatives is called opportunity cost so if somebody is working for monthly salary of 10000 provided with a new project which is earning 15000 then 10000 is the opportunity cost for starting new project.
How scarcity force society to incur opportunity cost?
This is the basic economic problem: Infinite Wants--> Finite Resources--> Scarcity-->Choice--> Opportunity costs So the problem is: How can we allocate resources efficiently, knowing that they are an infinite number of wants (but fewer needs) and there are only a limited amount of resources, which are scarce. Because there is scarcity (deficit/lack of supply of resources), people are left with a choice: That choice is an opportunity cost. Opportunity costs is the cost/disadvantage that occurs from choosing the next-best-alternative because of scarcity. an example: the government wants to build a new highway, but ther land is scarce( there is not enough land), and so, the opportunity cost is to build a new public school. The opportunity cost is the efficiency and accesibilty of transportation. The next-best-alternative is usually chweaper but is in less quality/quantity than the initial good or service. So basically, because of scarcity, consuimers and producers have to make a choice: whose wants need to be satisfied? what is more important?
What would be the opportunity cost of a new park?
I need more information
Can you explain the concept of opportunity cost using a money analogy?
Opportunity cost is like choosing between spending money on a new phone or a vacation. If you pick the phone, the cost is not just the price of the phone, but also the missed opportunity to go on vacation. So, the opportunity cost is the value of the next best alternative that you give up when making a decision.
What was one accomplishment of the treaty signed at Council Oak?
the production of a new road
Where was the first highway built?
Highway: A main public road connecting towns or cities. In the United States, the Lincoln Highway, from New York to San Francisco completed in the early 1920's is considered the oldest.
Why an increase in spending on police and armed forces may result in an opportunity cost?
Opportunity cost is defined as what you have to give up to get something. Specifically, the opportunity cost of doing something is the value of best alternative. For example, if Bob decides to watch TV instead of studying for a big science test he has in school the next day, the opportunity cost is that study time. All decisions carry an opportunity cost even in cases such as defense or public safety spending because there is always an alternate choice. For example, a city could choose to hire 50 new police officers or, with the same money, they could choose to hire 50 new teachers or build a new park or do any of a large number of things. In particular, if there is a greater need for something else, such as new teachers, then the opportunity cost of increasing police spending will be greater than any benefit from the spending. In that case, police spending would be a poor economic decision because there is another place to spend the money that will create more good for the city as a whole.
What would be the opportunity cost of a new 500 federal stimulus plan?
the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.
What is the opportunity cost that must be considered in order to make a decision to invest in a new project?
The opportunity cost that must be considered when deciding to invest in a new project is the potential benefits or profits that could have been gained from alternative investments or opportunities that are forgone by choosing to invest in the new project.
The opportunity cost of a new national park is that....?
Alternatives uses for the land and funding fr the park.
