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A store that buys a shipment of computers can't afford to buy any new phones
Sarah Long
Fallen Angel
A person who buys a new laptop doesn't have money to buy new
headphones.
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Which of the following best describes the relationship between trade-offs and opportunity costs?
opportunity cost are incurred when trade-offs are made
What best describes opportunity cost?
the vaue of what a person or economy gives up to get something else
Which describes comparative advantage?
Existence of lower opportunity cost then competitors
What accurately describes how opportunity cost calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
What do economists the next best alternative that had to be given up for the one chosen?
opportunity cost
Which of the following best describes the relationship between trade-offs and opportunity costs?
opportunity cost are incurred when trade-offs are made
What best describes opportunity cost?
the vaue of what a person or economy gives up to get something else
Which describes comparative advantage?
Existence of lower opportunity cost then competitors
What describes how opportunity cost is calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
What accurately describes how opportunity cost calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
What do economists the next best alternative that had to be given up for the one chosen?
opportunity cost
What is capital cost?
the opportunity cost or value of the best by a business
What is Cost of capital?
the opportunity cost or value of the best by a business
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 opportunity cost of a decisions?
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 accurately describes how costs and benefits are calculated?
When a financial decision is being made, the more choices you have will help determine the best opportunity. To calculate the opportunity cost, compare each opportunity based on a similar unit of measurement. This can be cash, weight, or products. Evaluate cost by hour, day, week, or year for each option. Evaluate each opportunity by what would be gained if you chose an alternative opportunity. Add up the costs associated with each opportunity. Make your choice based on which opportunity cost is higher.
