The cost of a decision is also known as a(n)

1 answer:

6 0

The answer would be an opportunity cost

Example of opportunity cost :

Let's say an artist have 2 choices for their Friday's schedule. The first one is to do a free meet and greet with his fans. The second one is to serve as a Guest star on a tv show, in whcih he will receive a payment.

Then, the artist chose to do the meet and greet instead.

The amount of money that the artist lost from his decision, is an example of an opportunity cost

Hope this help you out

<span />

You might be interested in

The tools we use to create goods are called ______ ___________.

jenyasd209 [6]

The tools we use to create goods are called natural resources.

6 0

3 years ago

Read 2 more answers

Explain the role of capital market in economic developmnet?

Masteriza [31]

Answer:

For a set period, the capital market effectively transfers monetary purchasing power from investors' surplus funds to those with deficits in return for greater future purchasing power. They are crucial in the recapitalization and privatization of huge infrastructure projects and industries.

Explanation:

4 0

2 years ago

Name the 3 main gods that decide to create the world, animals and man. Explain why they decide to create these elements and thei

Sunny_sXe [5.5K]

According to the Mayan culture, he says that Hunab Ku, the great creator, pronounced "let the world be made" and the universe was produced; Until then there was only a perpetual and infinite sky and sea facing one another. Hunab Ku created the gods to not be alone, and they made the world. Thus the earth, the trees and the sun arose, but they did not speak. Then they devised animals of all kinds, but these also did not have the gift of speech and, consequently, they could not venerate the gods. They decided then to create man.

For the Yoruba, Olorum, the god of heaven, asked his children to create a new kingdom in which their descendants extended, giving it the name of Ile-Ife. being the first waters his target, by this chain Oduduwa lowered, carrying a handful of earth in his pockets, a hen with five fingers and a seed. When he was ready, Oduduwa threw the handful of earth over the waters, thus forming his new kingdom, Ife. There, the chicken tore the ground and buried the seed, from which grew a large tree of sixteen branches, which are the sixteen sons of Oduduwa, from whom the sixteen Yoruba tribes descend.

For the Incas, the peoples of the central Andes understood the origins of each town in isolation as divine apparitions from some natural event known as pacarina. The origin of man falls substantially in the two sons of the Sun, Manco Capac and Mama Ocllo, who left Lake Titicaca and gave rise to the Incas of Cuzco, who -according to the legend of the Ayar brothers- believed that their people had emerged from the hill of Tampu Tocco.

6 0

3 years ago

Discuss two ways in which some cultural views that exis may affect a relationship negatively

lozanna [386]

AnswerIt could affect the way we face certain problems. It can also affect the way we perceive different problems

5 0

3 years ago

The concentration of iodide ions in a saturated solution of silver iodide is ________ m. the solubility product constant of agi

Jobisdone [24]

The concentration of iodide ions in a saturated solution of silver iodide is 9.1 x 10-9m. the solubility product constant of age is.

Concentration is a very common concept used in chemistry and related fields. It is the measure of how much of a given substance there is mixed with another substance.

iodine. Although the iodide ion is colorless, iodide solutions may acquire a brownish tint as a result of oxidation of iodide to free iodine by atmospheric oxygen. Molecules of elemental iodine, consisting of two atoms (I2), combine with iodides to form polyiodides typically I2 + I− → I−3.

Learn more about iodide ion here

brainly.com/question/23763246

#SPJ4

8 0

2 years ago