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bazaltina [42]
3 years ago
9

"Opportunity cost" is related to the basic economic concept known as ___.

Social Studies
2 answers:
Ira Lisetskai [31]3 years ago
8 0

Answer:

scarcity

Explanation:

I just took the quiz on USATestprep. hope i helpped <3

Vikki [24]3 years ago
4 0

It establishes the basic relationship between scarcity and choice and this is the key concept in economics.

Explanation:

This explains the concept in which loss is occurred by not choosing the next best product or not giving way to the new opportunity. The loss time the real cost of the output the benefits or the utility which is provided must be included in the opportunity cost. To gain opportunity cost one must sacrifice without sacrifice there would be no opportunity cost and one must make the best decision to gain opportunity cost.

If an opportunity cost does not have cash flow then it will be not recorded in the accounts book but they play an important role in making business decisions.

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the answer is A

Explanation:

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3 years ago
From a functionalist perspective, what is the teaching of knowledge and skills which reinforces positive consequences in student
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The four goals of life Hinduism
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4 years ago
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When the contracting officer signs a contract that, in fact, indicates the contracting officer has made an affirmative determina
Helen [10]

<u>Complete Question:</u>

When the contracting officer signs a contract that, in fact, indicates the contracting officer has made an affirmative determination that:

a The contractor has a satisfactory record of integrity and business ethics.

b The contractor is technically capable of completing the contract.

c All of the above.

d The contractor can obtain the adequate financial resources to perform the contract.

<u>Answer:</u>

When the contracting officer signs a contract it means that he made a affirmative determination of all the above mentioned statements.

<u>Explanation:</u>

A contract officer usually signs a contract in order to make sure that has a satisfactory record of integrity and business ethics that are required in that particular field work. And it also means that he has agreed with all the terms and condition mentioned in that contract.

It also denotes that he has the capacity to technically complete the contract and also has all the financial needs to successfully complete it.  Hence by considering all these explanation we can conclude that option C is the correct answer .

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3 years ago
What were the differences between the Democratic and Republican Party Platforms in the 1860 election?
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Answer:

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