Answer:
B, The Long term costs are lower
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.
Answer B) The types of hazards you expect to encounter
Answer:
I would say that this dialogue makes reference to the third option.
Explanation:
law and economics school of thought deals with the management of markets and they regulate consumption between people and how they respond to market transactions. In this example when Calvin says "Why do people inflict such nasty, sugar-coated poison on all of us?! A healthy workplace is a happy workplace"
