Which Situation Best Describes an Opportunity Cost Apex

Register now or log in to answer. A The cost of an alternative course of action.

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The cash flow c.

. College degree is given a pay raise D. Please just chose the correct answer for. Consider for example the choice between whether to sell stock shares now or hold onto them to sell later.

1 Which of the following best describes the concept of opportunity cost a historical cost b accounting cost c the value of the best opportunity given up d the cost of the worst opportunity given up 2 All points inside the frontier of the PPC are. Accordingly the opportunity cost of delays in airports could be as much as 800 million passengers 05. These questions are from Chapter 1 Section 2.

Make an informed decision. In this quiz and worksheet students practice these skills. An employee who earns a.

The standards for t-shirts are as follows. C The cost involved in seeking new opportunities. The value of the alternative selected.

4 Key Factors of Opportunity Cost When making decisions there are four common factors that we consider. The opportunity cost View Answer. The difference between the alternative selected and the next best alternative.

D The cost incurred in training new staff. 1 Which of the following best describes opportunity cost. Opportunity cost attempts to assign a specific figure to that trade-off.

With the figures from the formula. Create your own Quiz. A business that develops a new technology is able to make a larger profit.

A government increases taxes on all businesses operating in the new city B. An economic situation in which goods or shares are plentiful and buyers can keep prices down. An economic situation in which goods or shares are scarce and sellers can keep prices high.

Opportunity cost Return on the option not chosen - Return on chosen option. Standard direct materials quantity per t-shirt yards15. The value of all alternatives not selected.

As an investor opportunity cost means that your investment choices will always have immediate and future losses or gains. During the month of May the company produced 1250 t-shirts. Opportunity cost -3000.

Although this can vary depending on income. Which situation best describes an opportunity cost. Related production data for the month follows.

The cost-benefit ratio b. Because many air travelers are relatively highly paid businesspeople conservative estimates set the average price of time for air travelers at 20 per hour. So if you chose to invest in government bonds over high-risk stocks theres a trade-off in the decision that you chose.

Reading comprehension - ensure that you draw the most important information from the related economics lesson. A store that buys a shipment of computers cant afford to buy any new phones. A person who buys a new laptop doesnt have money to buy new headphones C.

Log in for more information. It values the unrealized return of the best possible alternative compared to the final decision made Choosing is losing. B The cost of losing an order to a competitor.

Which situation best describes opportunity cost - 23877032 newelln49 newelln49 06012021 Business College answered Which situation best describes opportunity cost 2 See answers Advertisement Advertisement hughesi1649 hughesi1649 Answer. Perhaps one of the biggest factors is the price. A simple way to view opportunity costs is as a trade-off.

The economic concept of guns or butter means that. AInefficient b efficient c equivalent d equilibrium. Standard direct materials cost per yard 8.

It means that one faces an opportunity cost for each decision that is made and that when a choice is made between alternatives one is accepted the other is refused. Actual yards of direct material purchased1400. View Test Prep - Apex economic final 1docx from AMERICAN GOVERNMENT S4107280 at Pomona Unified School District Adult and Career Education.

At this stage you should know whether or not the financial gains outweigh the costs. Added 1192014 95734 PM. A small number of producers command nearly the entire market for a certain good or service.

A store that buys a shipment of new computers cant afford to buy new phones. Match the type of market structure with each example. The marginal benefit e.

Opportunity cost is the loss you take to make a gain or the loss of one gain for another gain. The explicit cost d. Opportunity cost 32000 - 35000.

Unlock all answers Please join to get access. Opportunity costs are the costs of an economic choice expressed in terms of the best missed opportunity. In the context of housing describe a sellers market and a buyers market and explain how a buyers market can turn into a sellers market.

A government must decide whether to produce more or less military or consumer goods. A government can buy unlimited military and civilian goods if it is rich enough. Those will lower levels of income are more likely to place more emphasis on price as part of the opportunity cost.

Trade-offs take place in any decision that requires forgoing one option for another. The government is trying to maintain the infrastructure of the country provide Social Security benefits to citizens and regulate airline security. A trade-off best describes an opportunity cost.

A The cost of an alternative course of action. The value of the next best alternative not selected. 10 points Sellers market.

Which of the following best describes cost-benefit. This means you would lose 3000 if you stay at your current job. The value of an input in its next best use is called.

The profit that is obtained from these costs is the economic profit. An opportunity cost may best be described as which of the following.

Which Situation Best Illustrates The Concept Of Division Of Labor A A Business Asks Different Brainly Com

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Which Situation Best Describes An Opportunity Cost A A Business That Develops A New Technology Is Brainly Com