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Nikitich [7]
3 years ago
13

You decide to join the economics club, but this means you can't join the accounting club because it meets at the same time. Whic

h economic principle does this statement best represent?
Business
2 answers:
strojnjashka [21]3 years ago
7 0
<h3>Opportunity cost is the economic principle this statement best represent. </h3>

Explanation:

Opportunity cost refers to what you have to give up buying in terms of certain products or services that you want. If economists use the word "cost," we usually mean the cost of opportunity. The true cost of something is what you have to give up to get it.

In economic theory, the cost of something is what you give up to get it. In economics, the cost of opportunity relates to the most valued option that you have to give up getting something special.

asambeis [7]3 years ago
4 0

The concept her is "the real cost of something is what you must give up to get it"

<u>Explanation:</u>

As we come across trade-offs it is a necessary to make decisions on the next best alternatives which is the principle of opportunity cost.

Opportunity cost is the benefits and advantages that a business entity or an individual loses on choosing one alternative decision over the other. It is calculated with the help of the following formulas,

\text{Opportunity Cost = Total Revenue - Economic profit}

Or,

\text{Opportunity cost }= \frac{\text{What one sacrifice}}{\text{What one gain}}

In economical terms, choices are measured in terms of opportunity costs.

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Anarel [89]

Answer: product differentiation

Explanation:

From the question, we are informed that Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs.

This is an example of a barrier to entry which is known as product differentiation. Poduct differentiation is when a company makes its product different from other similar products so that the product will be more attractive and unique from others.

7 0
3 years ago
Negative Impact of crime on a business​
iragen [17]

Answer:

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● Damaged Reputation...

● Reduced production...

● Protect your business...

Explanation:

7 0
3 years ago
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MrRa [10]

That is false. The worker can have what ever diet they think is best for them

3 0
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Answer:

answer b

Explanation:

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Where do you typically earn an Associate of Arts degree?
ElenaW [278]

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