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☆☆☆☆☆what are the economic tool which help manager in decision making
Anything that is not the car can be an oppertunity cost. for an instants an ipod or a house can be the oppertunity cost. the definiton of oppertunity cost is the value of the next best akternative given up when a choice a made.
Flat.
the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.
Oppertunity cost.
My answer would be that HR has a budget for hiring etc, therefore it would be considered a hiring cost from its budget.
The labor cost would be what it cost to produce a product and the wages paid out etc.
when will a cost benefit analysis be done
In the economical term opportunity cost means the best next alternative forgone
He begins abusing his wife and pet cat
They became culturally different from one another.
that they are witches in disguise.
considering whether companies or the government should make the goods.
They organize resources to try to meet a society's wants and needs.
People have unlimited wants and limited resources to fulfill them.
A designer who starts a new fashion company
A foreign country begins exporting the product in high volume.
An industrial assembly line
A doctor with expertise in medicine
A person who buys a new laptop doesn't have money to buy new
headphones.
