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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 else can I help you with?
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.
Give two other examples of opportunity cost that would affect groups other than consumers?
gay people and you guys who are watching right now
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.
How can you watch?
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How can you watch sports?
http://www.yuvitube.com watch online Tennessee sports, wwe match, wwe news, wwe game, cricket live score, cricket match live, cricket live online free of cost, cricket test match, watch softball sports, listen wwe music.
Why students watch more TV the week after the examination than the week before the examination use the principle of opportunity cost?
Students may choose to watch more TV the week after exams because the opportunity cost of doing so is lower. Before exams, the opportunity cost of watching TV is higher as students prioritize studying. However, after exams, with no immediate academic commitments, the opportunity cost of watching TV decreases, leading students to indulge in this leisure activity more.
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.
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 the cost of cricket attax?
The cost of cricket attax is rs fifteen (15)
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
Give two other examples of opportunity cost that would affect groups other than consumers?
gay people and you guys who are watching right now
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 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.
Why does opportunity cost vary?
Opportunity Cost can vary depending on what you are giving up exactly.
