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3 years ago

EVERY ECONOMIC DECISION HAS _____ TRADE-OFFS, BUT ONLY _ OPPORTUNITY COST.

Advanced Placement (AP)

1 answer:

Sedaia [141]3 years ago

4 0

Answer:

Every economic decision has many trade-offs, but only one opportunity cost.

Explanation:

Every economic decision as well as every decision involves trade-offs as a there are many other options or choices of investments as there are many other ways to make use of the companies resources. However for businesses, and economics in general the opportunity cost is the alternative forgone which is a comparison between two items, such as the item of most value whose production is stopped due to the economic decision to manufacture an alternative product. As such for opportunity cost, there is a direct comparison between two items

Therefore, every economic decision has many trade-offs, but only one opportunity cost.

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3 years ago

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Explanation:

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3 years ago

EVERY ECONOMIC DECISION HAS _______________ TRADE-OFFS, BUT ONLY ___________ OPPORTUNITY COST.

EVERY ECONOMIC DECISION HAS _____ TRADE-OFFS, BUT ONLY _ OPPORTUNITY COST.