Answer: Opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.
Explanation: Here is some examples :)
(1) The opportunity cost of the funds tied up in the one's own business is the interest (or profits corrected for differences in risk) that could be earned on those funds in other ventures.
(2) The opportunity cost of the time one puts into his own business is the salary he could earn in other occupations (with a correction for the relative psychic income in the two occupations).
(3) The opportunity cost of using a machine to produce one product is the earnings that would be possible from other products.
I hope this helps!
This is secondary appraisal.
Primary appraisal is deciding the significance/importance of an event to your life, and secondary appraisal is considering how to cope with or take advantage of the situation.
The function (is.na(myData$Inventory)) should be used by her to complete the task in R.
<h3>Where does the Function works?</h3>
The Function of the inventory is very used in Access and Sql which are used to manage database information.
Hence, the function (is.na(myData$Inventory)) should be used by her to complete the task in R.
Read more about Database function
<em>brainly.com/question/4943847</em>
Answer: 0.6
Explanation:
The Marginal Propensity to Consume (MPC) measures how much of an additional dollar of income is spent on consumption.
When the GDP which is aggregate income rose by $10 billion, consumption rose by $6 billion.
MPC = Change in Consumption / Change in GDP
= 6 billion / 10 billion
= 0.6