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EleoNora [17]
3 years ago
9

You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with th

e lowest
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0
<h2>You made the choice with the lowest "Opportunity cost".</h2>

Explanation:

Opportunity cost in simple terms, can be explained as "You get one by losing the other".

So why this opportunity cost is necessary? Let us understand.

This plays a significant role in "Personal finances". This is the effective part to be learnt to make decisions on finance.

Some of the real life examples are listed below:

  • Attending the interview is important than attending an entertainment event
  • Only if you spend time and money you can see a movie

"Theorie der gesellschaftlichen Wirtschaft" coined the word "opportunity cost".

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MS WORD IS A MULTI PURPOSE WORD PROCESSOR WHICH HELPS IN CREATING

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<h2><u>please</u><u> </u><u>follow</u><u> </u><u>me </u><u>and </u><u>mark </u><u>it </u><u>brainliest</u></h2>
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If the price level increases in the United States relative to foreign countries, then American consumers will purchase more fore
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The correct answer is (C) the foreign purchases effect.

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_________ are for profit organizations that exist primarily to provide customers with consumer credit, including the financing o
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can you give me 5 stars and thank you button and brainliest answer

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