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.
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Explanation:merge of smaller companies into a larger one. ... They made new laws such as limiting working 8 hrs at a time and not letting children work.
Answer:1 you eat meals with grown wheat or rice . 2 you might eat meat wich is raised and breed 3 you wear cotton harvested from fields and 4 you most likely have bought fruit or vegetables that are grown
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Most amputation procedures take 5-14 days
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1. Likeness:
Likeness of members in a social group is the primary basis of their mutuality. May be in the beginning assumed or real common lineage, tribal affinity, family benefit or the compactness due to a common to time inculcated between and among the members in the group the feeling of likeness. Likeness means mutuality, and that means Society.
2. The Reciprocal Awareness:
Likeness is generative of reciprocity. Once some are aware of the mutual likeness, they, certainly differentiate against those who are not like them. The problem of likes and dislikes was concomitant to the social growth. Consciousness of this kind, alone could make sense of likeness. All social action is based on reciprocal response. This alone, makes possible, the we-feeling.
3. Differences:
Sense of likeness in not always sufficient. It alone is not adequate for social organisation. This does not exclude diversity or variation. The social structure of humanity is based on the family which rests upon the biological differences between the sexes, viz, men and women. The economic structure of society is based upon division of labour in which the professions and economic activities of people are different or dissimilar. The culture of society prospers with the differences in thoughts ideals, viewpoints, etc. No two individuals are alike in their nature.
4.Cooperation:
Cooperation is also another essential element to constitute society. Without cooperation, no society can exist. If the members of the society do not work together for the common purposes, they cannot lead a happy and comfortable life. Cooperation avoids mutual destructiveness and results in economy. In the words of P. Gisbert, “Cooperation is the most elementary process of social life without which society is impossible.”
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