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Why do economists measure the cost of things when opportunity cost is what you actually are considering we when decide whether or not to purchase something?
Wiki User
∙ 13y ago
it is easier for economists to measure "cost" than "opportunity cost"(because people's tastes are different and changeable)
Wiki User
∙ 13y ago
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Why do economists assert that economic recessions are actually beneficail to many homebuyers?
Economists assert that economic recessions are actually beneficial to many homebuyers because both home prices and mortgage interest rates tend to be lowest during recession.
In what way are trade-offs and opportunity costs alike?
Trade-offs and opportunity costs are alike in one main way. Perhaps you would make a trade-off in order to enjoy something that you wanted, and you may lose the opportunity to use this item if you do not make the trade-off.
What is opportunity cost when referring to investors?
Although not an actual cost, opportunity cost to an investor is the income he could have earned if he had invested in the next best alternative to the one he actually made.
Is Marginal cost the same as opportunity cost?
No. Marginal cost is the added cost of producing one more of something. This type of cost is real and concrete; it actually has monetary value. Opportunity cost is more theoretical. It measures the amount of money / products that could have been made in places other than the job you are currently in. This is very similar to implicit costs.
What are two reasons why economists have a reputation for giving conflicting advice to policymakers?
Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish
Why do economists assert that economic recessions are actually beneficail to many homebuyers?
Economists assert that economic recessions are actually beneficial to many homebuyers because both home prices and mortgage interest rates tend to be lowest during recession.
Tax on oppurtunity cost?
An opportunity cost is a theoretical calculation of how much money you might have made if you had done something other than what you actually did. I do not know of any taxes on theoretical calculations.
Can you start a sentence with 'At a'?
At a certain point in time, I was actually considering going out with him!
What is the difference between opportunity cost and trade-off?
In a trade-off you give up something for something else. If you exchange some item with someone for something of equal value, you have made a trade-off.in opportunity cost you are forced to make an alternate choice that you did not intend to make. Here you are giving up something of better value for something of lesser value. Usually there is remorse here. You actually are not as happy as you would have been if you had the opportunity to make the original choice.If you go to the store to purchase an item and for some reason you left that item in the store and bring something else home. This could happen because the price s too high, the quality was not as advertised, or you just did not see yourself buying this item. You opportunity cost is the item you left behind in the store.
How can you explain that people want to know more about the world but actually know less?
By considering the kinds of news we have access to
What is a bear actually?
Bear actually is indiginous to much of the woods of the northern hemisphere actually and is known to mall actually your actual face off when given the actual opportunity.
In what way are trade-offs and opportunity costs alike?
Trade-offs and opportunity costs are alike in one main way. Perhaps you would make a trade-off in order to enjoy something that you wanted, and you may lose the opportunity to use this item if you do not make the trade-off.
Probability is found by considering all possible outcomes but without actually testing them?
empirical
Did Justin Bieber actually like Caitlin Beadles?
Considering that they dated, I would say yes.
How good is a scallops vision?
They actually have great vision, considering they have 100 tiny blue eyes.
Meaning of flauccinaucinihilipilification?
It means making something out to be useless or irrelevant by deprecation.Floccinaucinihilipilification is the act of judging something to be worthless. It is most commonly used as an example of one of the longest words in the English language.(It is a very old coined word that seems to have been first used at Eton.)The action or habit of estimating something as worthless.
What does opportunity knock on?
it doesn't knock on anything- actually what the sentence means is when you have an good chance- take it
