0
What else can I help you with?
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 point will the opportunity cost be zero?
Free goodsGoods which can be use only one utilizationUnemployment situation in the society
1. Which is the most likely opportunity cost facing the manager?
hhh
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 is the opportunity cost of doing MPA or MBA at the university?
What is the opportunity cost of doing an MBA or an MPA at the University of Ballarat? Say you decide to attempt to do the business economics unit without the recommended textbook. What would be the opportunity cost of doing so? (1 Mark)
A point to the left of a budget line is?
A point to the left of a budget line is commonly a tradeoff. But a point to the right is an opportunity cost.
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 point will the opportunity cost be zero?
Free goodsGoods which can be use only one utilizationUnemployment situation in the society
1. Which is the most likely opportunity cost facing the manager?
hhh
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 is the opportunity cost of doing MPA or MBA at the university?
What is the opportunity cost of doing an MBA or an MPA at the University of Ballarat? Say you decide to attempt to do the business economics unit without the recommended textbook. What would be the opportunity cost of doing so? (1 Mark)
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
Is it possible to incur opportunity cost without spending any money?
Opportunity cost can also deal with time. For example, shopping at Wal-mart versus shopping at sears, Khols, and giant eagle will lower your opportunity cost. At Wal-mart you'll be able to find many of the items you'd typically be looking for when shopping (whether they are better or not is up to you). My point is that from this example, your opportunity cost is lower shopping at W-mart because you are saving time. In my opinion, opportunity cost means "time is money."
Importance of opportunity cost to individuals?
Importance of Opportunity cost to an individual are : 1. It influences the individuals household in decision making among his numerous wants. 2. It helps the individual to know how to maximise his satisfaction from his limited resources through drawing scale of preference. Importance of Opportunity Cost to Firms 1. It helps a firm to decide to use labour intensive instead of capital intensive method to achieve the highest output. Importance of Opportunity Cost to Government: 1. It enables the government to maximize the welfare of its citizen by choosing the right projects it should spend its scarce resources on.
What is an oppourtunity cost?
When Mutual exclusive decision is to be made or projects to be selected, the benefit which is left due to selection of one project instead of other project is the 'Opportunity Cost' for selecting one project over other. Example: Project 1 benefit = 100000 Project 2 benefit = 200000 Opportunity cost for project 1 = 200000 Opportunity cost for project 2 = 100000
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.
