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NikAS [45]
3 years ago
10

What is the basic premise of an opportunity cost? Question 1 options: When you buy something, you are foregoing all the other th

ings you could have bought instead. People are more likely to spend their money when there are many opportunities to do so. When the demand for a product or service increases, the cost of that product or service also increases. A form of currency is needed to allow people in unrelated businesses to exchange services.
History
1 answer:
viva [34]3 years ago
6 0

Answer:

When you buy something, you are foregoing all the other things you could have bought instead.  

Explanation:

Opportunity cost is an economic concept that refers to the cost of giving up certain factors as a result of choosing a specific factor. In a simpler way, we can say that this concept refers to a situation, where an individual must choose a factor for a certain objective to be achieved, but the choice of that factor forces the individual to give up other factors.

An example of this can be seen when a person has to choose between buying a new sofa and running out of money to change the garage floor, or changing the garage floor, but running out of money to buy the new sofa.

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Rene Descartes is frequently considered the first modern philosopher. His first publication, Discourse on Method (1637), was the touchstone of the scientific method. A response to the lack of clarity he saw in the world of science, Discourse describes how scientific study should be prosecuted so as to achieve the utmost clarity, by using deductive reasoning to test hypotheses. Descartes explained that the test of an alleged truth is the clarity with which it may be apprehended, or proven. "I think, therefore I am," (cogito ergo sum) is Descartes' famous example of the most clearly apprehended truth. In effect, the evidence of thought proves the hypothesis of existence.


Descartes dabbled extensively in the study of cosmology and the nature of matter, developing theories on the make up of matter and the formulation and operation of heavenly bodies. Though Descartes' astronomical explanation failed to account for many observed phenomena, his great prestige propelled his theory into fashion among the educated elite intellectuals of Europe. Descartes was even about to publish a book on cosmology, entitled The World, in 1653, when he heard of Galileo Galilei's condemnation by the Church and thought better of it. Descartes tried to apply his physical theories and expand upon them in his works on human anatomy, which, though pioneering in some respects, were largely erroneous. He further wrote about the spiritual nature of man and theorized about the existence of the soul. The Cartesian philosophy (derived from his name, Descartes) won many followers during the seventeenth century.


Francis Bacon, also called Lord Verulam, was somewhat less renowned and less successful than Descartes, but nevertheless highly influential. Bacon advocated the collection of all possible facts and phenomena and the processing of these through a sort of automatic logical mill. Bacon warned scientists against four famous false notions, called Idols.


1. Idols of the Tribe were fallacies in humankind, most notably man's proneness to believe that nature was ordered to a higher degree than it actually was.


2. Idols of the Cave were misconceptions inherent in individuals' thoughts, spawned by private prejudices.


3. Idols of the Marketplace were errors that arose from received systems of thought.


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4 years ago
Sequence means repetition.true or false?
zhuklara [117]
False 

repetition is something that is repeated over and over
sequence, such as in math, are a series of numbers including arithmetic sequence and geometric sequence
arithmetic sequence eg. 1, 2, 3, 4
where it goes up by a set number at a time

geometric sequence eg. 1, 2, 4, 8
where it is multiplied by a set number at a time

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3 years ago
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