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uysha [10]
1 year ago
11

It is possible for the opportunity cost of an input to be very low or zero if there is no alternative use for it.

Social Studies
1 answer:
Scilla [17]1 year ago
7 0

Yes, It is possible for the opportunity cost of an input to be very low or zero if there is no alternative use for it. It means that the statement is true.

The opportunity cost of an input is zero if it has no alternative use. This is so because the cost of alternatives refers to the value of the next best option. Since there isn't an alternative available in the scenario described, the opportunity cost is zero.

The opportunity cost of a certain activity option is defined as the loss of value or benefit that would result from engaging in that activity (the cost) as opposed to engaging in an alternative activity that offers a higher return in value or benefit in microeconomic theory.

To learn more about opportunity cost here

brainly.com/question/24319061

#SPJ4

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Answer:

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Louisiana factors refers to a group of people who manage a collection of assets owned by other wealthy individuals. Their duty is similar to a modern-day supervisor/managers that's hired by company owners to manage their businesses.

Things such as overseeing goods/merchandise transportation, arranging how the goods should be distributed and loaning money to purchase supplies usually fall under their job description.

From the options above, there are only two options that were not part of Louisiana factors' responsibility:

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This is the responsibility of the capital owners, not the factors.

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This is the responsibility of the workers. The factors' position is a bit higher than that.

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