We need the “following” options in order to answer the question. What are your multiple choice answers? The question is too broad to even begin to answer without what the question is aimed toward. I’m sure that you’ll get immediate response once you give the answer: “which of the following”, stated in the body of the question. Sorry.
Answer:
B. positive
Explanation:
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Answer:
Personally I would as it can cause legal problems
Explanation:
Answer: They conduct research, teach and work with different kinds of law enforcement agencies.
They also study the social and psychological factors that cause people to commit crimes and research which approaches to rehabilitation work and maybe do not work.
Explanation:
Answer:
B. A business gives its employees a raise, so it cannot afford to buy any TV ads.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a paying your employees (workers), your opportunity cost would be the benefits like increased sales you could have earned if you had invested the same amount of resources in advertising your business.
Hence, the situation which best illustrates the economic concept of opportunity is when, a business gives its employees a raise, so it cannot afford to buy any TV ads.
