The concept her is "the real cost of something is what you must give up to get it"
<u>Explanation:</u>
As we come across trade-offs it is a necessary to make decisions on the next best alternatives which is the principle of opportunity cost.
Opportunity cost is the benefits and advantages that a business entity or an individual loses on choosing one alternative decision over the other. It is calculated with the help of the following formulas,
Or,
In economical terms, choices are measured in terms of opportunity costs.
Investment because u save up more money in what you want
Choice (b) is correct. Market efficiency entails unpredictable stock prices in the market. Since there is a higher risk of investment losses in an unpredictable stock prices change, the best investment strategy is to diversify portfolio so as to minimize loss on the other stock while maximizing gain from another.
Sophia will drive 300 miles :) 3/5 of 500 3/5 of 5, 3 so 300 ig
Answer:
C. Compulsory flu shots for all students prevents the spread of illness in the general public.
Explanation:
Positive externality: when a good or service benefits an individual which then improves society.
For example, if an individual is to be educated from school, they receive their own education, but it also benefits society.
