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When you are considering the value of a resource in its next best use you are considering its?
Wiki User
∙ 9y ago
opportunity cost
Wiki User
∙ 9y ago
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Which of these explains the term opportunity cost?
The value of the next best alternative given when a chose is made.
What is the opportunity cost of decision?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What is the the opportunity cost of a decision?
The next best thing that a person can engage in is referred to as the opportunity cost of doing the best thing and ignoring the next best thing to be done.
What was its opportunity cost?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
Why is opportunity cost important?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
What manager allocates each resource starts ites operation and finally deallocates the resource making it available to the next process or job?
The human resource manager allocates each resource to start and operation and then deallocates the resources for the next available job.
The value of the next best alternative given up to obtain an item is called?
Oppurtnity cost
Next to million what is the value?
The value next to million is BILLION
What step occurs next after extraction in the mineral resource cycle?
Refining!
What is the next place value after sextillion?
The next place value after sextillion is 10 sextillion
How do you find out if a boy really likes you but he's your best friend?
I'll be totally and completely honest... Ask him. If he's your best friend and you're considering taking the next step, you should be able to ask him. If you can't be honest with him, you have no business dating him.
What's wrong with people today?
the are disconnected from society and always looking for the next best thing so there is no value for anyone or anything
You stop next to a customer who is considering a leather jacket She likes it but is unsure whether to make the purchase what are you most likely to do?
You stop next to a customer who is considering a leather jacket. She likes it but is unsure whether to make the purchase. Which of the following are you most likely to do?
What is a now next equation?
an equation that shows how to calculate the value of the next term in a sequence from the value of the current term
What is the best armor for a survival hunter wow?
Right now, the best armor is one that has a ton of agility and critical strike on it. This could change in the next expansion due out in 2010, Cataclysm, as they are redoing what stats benefit what class, and hunters are losing mana as their resource.
Does nickelodeon have the next star?
Considering The Next Star is a Canadian show and YTV does offer lots of nickelodeon choices, it's only available on YTV.
What comes next -5 25 -125 625?
Each value is being multiplied by -5. The next value will be -3125.
