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Why must the opportunity cost of a decision always be something desirable?
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Why must opportunity cost of a decision always be something desirable?
If it wasn't desirable and you didn't want to do it, than it's not a cost. If you were to have two choices, getting punched in the face or getting a free lunch, taking the lunch means you dont get hit, so you don't lose anything by taking the sandwich, theres no "cost" here, but a benefit only.
What is always there when something is produced?
an opportunity cost
Is economic growth always desirable?
Yes but not always but mostly yes but sometimes no however it is normally yes but could be no yes and no
Why an increase in spending on police and armed forces may result in an opportunity cost?
Opportunity cost is defined as what you have to give up to get something. Specifically, the opportunity cost of doing something is the value of best alternative. For example, if Bob decides to watch TV instead of studying for a big science test he has in school the next day, the opportunity cost is that study time. All decisions carry an opportunity cost even in cases such as defense or public safety spending because there is always an alternate choice. For example, a city could choose to hire 50 new police officers or, with the same money, they could choose to hire 50 new teachers or build a new park or do any of a large number of things. In particular, if there is a greater need for something else, such as new teachers, then the opportunity cost of increasing police spending will be greater than any benefit from the spending. In that case, police spending would be a poor economic decision because there is another place to spend the money that will create more good for the city as a whole.
How opportunity cost is measured?
how is opportunity cost measured {Finding the value of the best options that is not chosen.}
Why must opportunity cost of a decision always be something desirable?
If it wasn't desirable and you didn't want to do it, than it's not a cost. If you were to have two choices, getting punched in the face or getting a free lunch, taking the lunch means you dont get hit, so you don't lose anything by taking the sandwich, theres no "cost" here, but a benefit only.
What is always there when something is produced?
an opportunity cost
Why must opportunity cost of something must always be desirable?
If it wasn't desirable and you didn't want to do it, than it's not a cost. If you were to have two choices, getting punched in the face or getting a free lunch, taking the lunch means you dont get hit, so you don't lose anything by taking the sandwich, theres no "cost" here, but a benefit only.
Why does not being able to have something make it more desirable?
Because as human beings we naturally want something that we can't have or do not possess at this moment. It's almost like the cliche "the grass is always greener on the otherside"
How you adpt to the US?
Try to make new friends and be cheerful. Always try something new. If you have an opportunity take it. Live life to the fullest.
At what time in your life did you first have the opportunity to take real responsibility?
Having a job is always a challenge. Keeping it a challenge is always an opportunity.
Is New Hampshire a fun place to go to for a vacation?
Well, its a opinion, but i honestly think yes. yes because there is always a opportunity to do something. But its my opinion.
If you have made your bed now lie in it?
The phrase "If you have made your bed, you can lie in it" means that you get what you deserve. In other words, if you do something, for ex. a chore, than you earn something. That something may not always be an object, it may be an opportunity, happiness, or forgiveness.
Are all changes desirable?
Are all changes desirable? Clearly not. Example: "lets change the notion of educating our children, to never educating them" All changes are not desirable. Then ask: Is any change always desirable? No. Should the prospect of change be desirable? Sometimes. The answer depends on perception, intention and outcome. The only truth with almost near certainty is to state the following: Change can be desirable.
Equilibrium is always associated with a desirable state of affairs true or false?
true
Is economic growth always desirable?
Yes but not always but mostly yes but sometimes no however it is normally yes but could be no yes and no
What is a very important database design ingredient and the highest level is not always the most desirable?
Normalization
