0
What else can I help you with?
What is the opportunity cost of countries working to build a station together?
Everything has its opportunity cost you just have to think .
What is the opportunity cost of leisure?
Wages/utility gained from working.
What happens if a company over invests in net working capital?
If a firm over invest in net working capital, it incurs cost in the form of opportunity cost.
Mallory decides to spend 3 hours working overtime rather than watching a video with her friends She earns 8 an hour Her opportunity cost of working is?
Mallory's opportunity cost of working is the value of what she foregoes by not watching the video with her friends. Since she spends 3 hours working at a rate of $8 per hour, she earns $24 for that time. Additionally, the enjoyment and social interaction she misses out on by not spending time with her friends also contribute to her opportunity cost. Therefore, her total opportunity cost includes both the $24 earned and the intangible benefits of friendship and leisure.
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.
What is the opportunity cost of countries working to build a station together?
Everything has its opportunity cost you just have to think .
What is the opportunity cost of leisure?
Wages/utility gained from working.
What happens if a company over invests in net working capital?
If a firm over invest in net working capital, it incurs cost in the form of opportunity cost.
How can you find the opportunity cost of a country k produces five hundred military guns and thirty television set?
The opportunity cost is the labor and resources that go into producing 500 guns and 30 tv sets that could have been used elsewhere. The "elsewhere" is the opportunity cost. For example, if you make $10/hr working and you decide to sit home watching tv for 2 hours instead of working, your opportunity cost is $20.
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What is opputunity cost?
Cost that you have to bear to choose between different alternatives is called opportunity cost so if somebody is working for monthly salary of 10000 provided with a new project which is earning 15000 then 10000 is the opportunity cost for starting new project.
Does an opportunity cost have value?
opportunity cost can have a value, especially if you are looking at such things as the college/job thing. If you go to college rather than take a job, your opportunity cost is the amount of money you lose from not working at the job. Opportunity cost does not always have to have a value. Again with the college/job example, if you take a job rather than go to college, your opportunity cost can be things like more education and college memories, etc. Opportunity cost is simply "what you give up". Therefore, if you are giving up money, your opportunity cost has a monetary value. If you are giving up education or experience or the like, your opportunity cost technically has no monetary value, but you are still giving something up. Hope that answers the question.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
What is the opportunity cost of watching the cricket match?
Opportunity Cost: if you are doing any work and getting money at 10$ per hour for seven hour then if you stop working and start watching cricket match then you lost those 70 $ by watching that cricket match so at that moment opportunity cost of watching match is 70 $ for you which you lost due to cricket match.
What do you understand by the term opportunity cost?
Opportunity cost is what you give up in order to get something else. Paying money is the opportunity cost for ice cream for example.
