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3 years ago

The opportunity cost of a decision is measured in terms of

Business

1 answer:

Neko [114]3 years ago

5 0

Answer:

4. the next best thing given up. the price of a new opportunity that arises.

Explanation:

The opportunity cost is the cost we incurr when we choose something instead of other alternatives. To put it more simply: it the cost of the alternatives that we give up when we choose something.

For example, suppose I have $1,000 and have two options: 1) putting the money on a savings account that pays 2% annual interest 2) buying and Iphone X.

If I put the money on the savings account, the opportunity cost is the lack of enjoyment that and Iphone X would have provided me.

And if I bought the Iphone X, the opportunity cost would be the lack of interest earned on the deposit.

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kicyunya [14]

Answer:

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Explanation:

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2 years ago

The managers at Fazer Technologies Inc. prepared a report on the profits earned and the losses incurred by the company over the

HACTEHA [7]

Answer:

<u>external report</u>

Explanation:

Note that, the manager prepared a report which he later presented to the stockholders of the company; meaning he gave the report to an outside party.

Remember, external reports are usually given to investors to know the financial condition of the company. Thus, the shareholders would need the report in order evaluate the financial condition of Fazer Technologies Inc.

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2 years ago

What is the law of diminishing returns? The law of diminishing returns states that

katen-ka-za [31]

I did the quiz just yesterday and got a 100. The answer is E

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2 years ago

You are a birder (birdwatcher) and your neighbor has put up several birdhouses in her yard and also planted trees and flowers th

REY [17]

Answer:

Positive externality

Explanation:

In economics, there are generally two different types of externality named as a positive and negative externality.

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Example: A particular beekeeper who tends to keep the bees as they produce honey.

In the question above, the given statement represents positive externality.

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2 years ago

In order to vote in Texas, you must meet which of the following requirements?

vitfil [10]

Answer:

I think letter A is the right answer

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