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If a gardener decides to grow carrots, and she could sell these for 50 dollars at the end of the season, and her next best option was to grow potatoes which sold for 60 dollars, the opportunity cost would be the 10 dollars she lost from not growing potatoes.
What else can I help you with?
What are some examples of a phenol?
Some examples of phenols include phenol itself (hydroxybenzene), cresol, guaiacol, and catechol. These compounds contain a hydroxyl group attached to a benzene ring.
What are some examples of an atom?
Gold
What are some examples of a hurricanes forces?
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What are some examples of adages?
kj
What are some examples and non-examples of multi celled?
somethings are single celled. but some cells are multi celled like humans.
What are some examples of an opportunity benefit?
if your mom tell u to do a chore and she give you allowance for doing it would be an example of opportunity benefit
What is the example of opportunity seeker?
examples of opportunity seekers
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
What are the examples of words with secondary stress?
Some examples of words with secondary stress include "environment," "opportunity," "management," and "assistance." These words have stress on the second syllable after the primary stress.
Examples of opportunity?
like as if you were to do things in a busy way.
What are the examples of opportunity?
Some examples of opportunity costs are:giving up your favorite movie to study (in order to get good grades). The opportunity cost is the movie that has been forgone.attending Baseball training (in order to be a better player) instead of going to your favorite night club when the best artiste would be performing; the club has been forgone/opportunity cost/best next alternative.Opportunity costs are the benefits you could have received by taking an alternative action.
Explain with the help of production possibility diagram the concept of opportunity cost?
Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.
What are some examples of economic theory in practice?
Examples of economic theory in practice include supply and demand determining prices, the concept of opportunity cost influencing decision-making, and the impact of government policies on market outcomes.
What are some examples of opportunity cost in decision-making processes?
Opportunity cost refers to the benefits that are forgone when choosing one option over another. Examples of opportunity cost in decision-making processes include choosing to study for a test instead of going out with friends, investing in stocks instead of saving money in a bank account, or spending time volunteering at a charity instead of working a part-time job for extra income.
What are the example of opportunity cost?
Some examples of opportunity costs are:giving up your favorite movie to study (in order to get good grades). The opportunity cost is the movie that has been forgone.attending Baseball training (in order to be a better player) instead of going to your favorite night club when the best artiste would be performing; the club has been forgone/opportunity cost/best next alternative.Opportunity costs are the benefits you could have received by taking an alternative action.
What is a sentence for the word Opportunity?
He grabbed the opportunity to apply.This is a fantastic opportunity.
What are examples of people's opportunity and threats?
Opportunities: These are positive ideas. Threats: These are the hindrances to your ideas. -Y
