Jesusgirl
Jesusgirl Jesusgirl
  • 17-05-2016
  • Business
contestada

when economists measure opportunity cost to help determine the true value of economic decisions

Respuesta :

rayannfitts
rayannfitts rayannfitts
  • 17-05-2016
Opportunity Cost

An opportunity cost is defined as the value of a forgone activity or alternative when another item or activity is chosen. Opportunity cost comes into play in any decision that involves a tradeoff between two or more options. It is expressed as the relative cost of one alternative in terms of the next-best alternative. Opportunity cost is an important economic concept that finds application in a wide range of business decisions.

Answer Link

Otras preguntas

rewrite [tex] {10}^{3} [/tex]
What is the length of the hypotenuse of the trim angle ?
You’ve been introduced to Amy at a local business and professional women’s meeting. After you’ve chatted with her for a few minutes what can you do to find out
i dont know how to solve this problems
Force in Newtons that does 0.0284 kilojoules of work in a distance of 4.00 meters
What is the mass, in grams, of 1.00x1024 atoms Mn? a. 92.0 g Mn c. 91.3 g Mn b. 91.0 g Mn d. 91.5 g Mn Please select the best answer from the choices
Is MNO=PQR if so name the congruence postulate that applies
The Empire was the earliest founded of the ancient Middle Eastern civilizations.
How is most of the oxygen on Earth produced? A. By plankton and aquifers B. By rocks and humans C. By plants and plankton D. By plants
True or False: Thinking positively about yourself improves your self-esteem.