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Why do opportunity cost increase as you make more and more butter and fewer guns?
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What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
How does an opportunity cost differ from a trade -off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How does an opportunity cost differ from a trade-off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
How does an opportunity cost differ from trade offs?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How does an opportunity cost differ from a trade-off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
How does an opportunity cost differ from a trade -off?
Trade-off uses the gun's and butter decision while opportunity cost is the most desirable alternative insted of the gun's and butter decision :)
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
Consider a constant slope PPF with a vertical intercept 80 guns and horizontal intercept of 120 tons of butter The opportunity cost of increasing butter output for 30 to 31 tons is?
2/3 of a gun (80 guns/120 tons of butter = 2/3 opportunity cost of butter; meaning that is what you willing to pay for an extra ton of butter). In order to find the opportunity cost of guns, you would divide 120/80=1.5)
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
Does increasing opportunity cost occur when resources are being used at their peak efficiency when does opportunity cost increase?
it is a sacrifice that one has to make between the alterntive he or she chooses to the next best alterntive
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
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.
Why does the opportunity cost of doing homework increase as you spend more time doing it?
Opportunity cost of doing homework increases as you spend more time doing it because of the time you are allocating for it. You can be accomplishing something else.
Why do opportunity cost increase?
Opportunity cost increases when the options for utilizing resources become more valuable or scarce. This forces decision-makers to forgo more valuable alternatives, resulting in an increase in opportunity cost. Additionally, as the value of competing choices rises, the potential benefits that could have been gained from the next best alternative also increase, leading to a higher opportunity cost.
