ks797651
ks797651 ks797651
  • 14-01-2021
  • English
contestada

2. What is the concept of an “Opportunity Cost” in economics?

Respuesta :

Brebee79 Brebee79
  • 14-01-2021

Answer:

The concept of an opportunity cost is when a business decision makes you lose out on potential profit.

Explanation:

I think this is what it is, hope this helps :)

Answer Link

Otras preguntas

Complete the number sentence to solve. Enter the answer in simplest form. Three students share 4 granola bars equally. How many granola bars does each student g
Please help with the second part thank you
In Drosophila, the dominant allele Cy (Curly) results in curly wings. The cross Cy/ x Cy/ (where represents the wildtype allele of Cy) results in a ratio of
Which coordinate plane shows the graph of 3x + y > 9?
Does anyone know the answers to all 4 of the question??
SOMEONE HELP PLEASEEEE I DONT HAVE ANY TIME Which option correctly represents the graph of f(x) = -1/2x^3 and describes whether the function is even or odd? I
Religion- sorry I can’t find a religion section
Suppose the gravitational force between two massive spheres is 100 N. If the mass of the smaller sphere is doubled, what is the force between the masses?
Jake earns $12 for each hour worked. The equation y = 12x can be used to model this situation, where x represents the number of hours worked and y represents th
Water bowls at 212 degrees Fahrenheit. If a pot of water is 145 degrees, find the change in temperature needed for the water to boil.