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4 years ago

Opportunity cost refers to:

1 answer:

wel4 years ago

5 0

The definition of opportunity cost is Highest-valued option forgone

Change in opportunity cost :
When there is a change in the highest-valued option forgone, the opportunity cost will then be changed.

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$65,000

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3 years ago

What do individual shareholders gain when they buy shares of a company’s stock?

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4 years ago

In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was

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Real income has increased by $720 in terms of dollar and 2% in percentage

Explanation:

<em>The real income is determined by adjusting the nominal income for inflation. The consumer price index (CPI) is used to measure the rate of inflation.</em>

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