1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lapo4ka [179]
3 years ago
7

How can knowing the opportunity cost of buying a product affect people's economic decisions?

History
1 answer:
madreJ [45]3 years ago
6 0

Answer: Option (C)

Explanation:When an option is chosen from alternatives, the opportunity cost is the cost incurred by not enjoying the benefit associated with the best alternative choice. opportunity cost is the return of a forgone option less than the return on your chosen option. It should’ve noted that opportunity cost can guide an individual to more profitable decision making. It involves assessing the relative risk of each option in addition to its potential returns. Every time you make a choice , you’re weighing the opportunity cost of that action. Opportunity cost includes all real cost of making one choice over another choice , including loss of time , energy, and a derived pleasure.

You might be interested in
The process of adding amendments to the U.S. Constitution is meant to
zhannawk [14.2K]
The Constitution<span> provides that an </span>amendment<span> may be proposed either by the Congress with a two-thirds majority vote in both the House of Representatives and the Senate or by a </span>constitutional<span> convention called for by two-thirds of the State legislatures.</span>
6 0
3 years ago
Is Madagascar an island separated from the rest of Southern Africa.
Akimi4 [234]

Answer:

yes

Explanation:

in fact because of it's separation, animals have evolved differently and many species in Madagascar can only be found there

4 0
3 years ago
Read 2 more answers
Where is the black sea
MrMuchimi
Canada, i think.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 urehgiwejbfgoiurwbptbiuneroigbneiprjgnbpwiur
6 0
3 years ago
Read 2 more answers
Why was land the most important gift a lord could give a vassal?
Ulleksa [173]
Because land was like gold nowadays if u had a large piece of land u were considered to be high class
8 0
3 years ago
Read 2 more answers
HELP ASP PLSS
Ann [662]

Answer:

passing a series of neutralityy laws

4 0
3 years ago
Other questions:
  • Which of the following were elements of the American System? Check all of the boxes that apply.
    8·1 answer
  • put these events in order stamp act boston tea party batlke of Lexington concord firts continental congress declaration of indep
    6·1 answer
  • What is the origin of British common law?
    9·2 answers
  • Which type of the following ststements describes the command economy of the soviet union?
    5·1 answer
  • How did the domestication of animals help people?
    7·2 answers
  • Why were many Indians unhappy with Oklahoma becoming a state?
    14·2 answers
  • What were the two reasons Cardinal Bellarmine gave for believing the geocentric theory?
    5·1 answer
  • In what year did the U.S. shift from a rural agricultural nation to an urban-industrial nation? Which innovation had the greates
    8·2 answers
  • Describe the process to become a Justice. Explain how you would handle the situation. For United States Of America
    5·2 answers
  • PLEASE HELP‼️‼️
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!