1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
miskamm [114]
3 years ago
6

7. Opportunity Costs exist when (4 points)

History
1 answer:
max2010maxim [7]3 years ago
5 0

Answer:

People make choices about what to buy.

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.

Hence, the opportunity cost of buying a product is the utility (satisfaction) that could be derived in another product using the same amount of money.

For example, if you decide to use your money to buy a Playstation 5, your opportunity cost would be the satisfaction you could have derived if you had invested the same amount of money in buying a bike for easy transportation.

Hence, opportunity costs exist when people make choices about what to buy.

You might be interested in
What treaty created the EU?
drek231 [11]
The<span> Maastricht Treaty created the EU. 

Answer: C)</span><span> Maastricht Treaty</span>
7 0
3 years ago
10. Napoleon sold the Louisiana Territory to the United States because he
Sphinxa [80]
C because bonappetite needed $ to fight Britain and an embryonic EU
8 0
3 years ago
PLEASE HELP ME ASAP!!
maria [59]

The WPB or War Production Board set the products that would be needed for war and they determined their pricing.

So I agree with you, the answer is A.

But I must admit I was a bit iffy between A and D but I'd still say that A is a better choice.


Hope this helped

4 0
3 years ago
Summarize the theory put forth by Spencer in his philosophy of Social Darwinism.​
Ivenika [448]

Answer:

Social Darwinism describes the various theories that emerged in Western Europe and North America in the 1870s which applied biological concepts of natural selection and survival of the fittest to sociology, economics, and politics. Social Darwinism posits that the strong see their wealth and power increase while the weak see their wealth and power decrease. Different social Darwinist groups have differing views about which groups of people are considered to be the strong and which groups of people are considered to be the weak, and they also hold different opinions about the precise mechanisms that should be used to reward strength and punish weakness. Many such views stress competition between individuals in laissez-faire capitalism, while others were used in support of authoritarianism, eugenics, racism, imperialism, fascism, Nazism, and struggle between national or racial groups.

3 0
3 years ago
What does cortes think of the aztec gods
JulijaS [17]
Cortes did not believe in the actual existence of the Aztec Gods, but used these gods to his advantage when trying to convince the Aztecs that he was a god himself--thus tricking them into giving him their gold.
5 0
3 years ago
Other questions:
  • Which nation had the influence on the colonization of Latin America in the 1500s?
    10·1 answer
  • Which of the following statements about slavery is true?
    11·2 answers
  • Suppose you work in a job that pays the federal minimum wage, or $7.25 per hour. Calculate how much you would earn in a week if
    13·2 answers
  • What had the Great Pyramid built as a monument to his greatness
    10·1 answer
  • HELP BIG ASSINMENT write a story about the gold rush has to be at least 150 words
    6·1 answer
  • What was the focus of Johnson's Great Society program? A. Foreign Affairs B. Trade C. Poverty D. Military spending
    15·1 answer
  • How did Muhammad start spreading his message about Islam?
    12·2 answers
  • Which term describes prejudice against Jewish people that convinced many Jews to embrace nationalism? A. Anti-Semitism B. Popula
    5·2 answers
  • What approaches are used by rulers to gain legitimacy?​
    10·2 answers
  • An entrepreneurial mindset is focused on
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!