subject
Business, 10.12.2019 17:31 Garciaapril1597

Opportunity cost is

identify the opportunity cost in each of the following examples. select the answer that best completes the sentence.

a. the value of the alternative a person did not select

b. the fact that one must spend money in order to get what they want

c. the value of one thing is always greater than the value of another

d. no answer is correct.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:00
Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.
Answers: 1
question
Business, 22.06.2019 06:00
Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr
Answers: 2
question
Business, 22.06.2019 11:30
Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million
Answers: 3
question
Business, 22.06.2019 11:40
Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.
Answers: 3
You know the right answer?
Opportunity cost is

identify the opportunity cost in each of the following examples. s...
Questions
question
Chemistry, 26.07.2019 06:30
Questions on the website: 13722360