Answer: B
Explanation:
Opportunity cost is a profit or benefit that must be given up on order to acquire something else. Every resource such as money, land, and time can be put to a different use, therefore every choice, action, or decision has an opportunity cost.
Opportunity cost is the value or worth of the next best thing that one gives give up whenever a decision is made. It is the loss of a potential gain from another alternatives when a different alternative is chosen.
When a city invests in repairing its road, the opportunity cost can be not able to afford a museum because the money that could have been used to build a museum has been used for the road.
Answer:
In my personal opinion, it is easy because if you know what to write down and can write it down correctly, then it is simple.
Explanation:
In markets where competition is very intense, companies are not able to keep on competing in prices forever, as at some point their cost structures prevents sucessive price lowerings. Therefore, companies are forced to use alternative strategies to defeat their competitors and to attract larger shares of consumers to demand their products.
<u>Companies need to become more efficient in production and to introduce innovations</u>. An example of an efficiency increase is to produce at the same cost, maintaining the same market price but delivering a higher-quality product, that includes, for instance, a better packaging. This new feature has been achieved through the implementation of a new tecnique in the production process (ex: new materials for the packaging) together with an innovative and sucessful marketing campaign.
Reckless driving such as speeding way over the limit would be handled by the criminal court and not traffic court.
The problem addressed by the new jersey plan was the unequal representation of smaller states.
