The opportunity cost of an action is
a. objective and will be the same for all individuals.
b. a measure of the undesirable aspects involved in the action.
c. applicable only to choices involving material goods like commodities.
d. the highest valued alternative forgone as the result of choosing an option.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The opportunity cost of an action is a. objective and will be the same for all individuals. b. a measure of the undesirable aspects ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kyle tells you that he wants to borrow the maximum amount of available loan money to buy his kids new shoes and go on a vacation to hawaii.
Answers (1)
AP Kelly Jones and Tami Crawford borrowed $15,000 on a 7-month, 8% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. Required: a.
Answers (1)
What is a bank balance?
Answers (1)
Assume that an American firm wants to engage in international business without major investment in the foreign country. Which method is least appropriate in this situation? a. Direct foreign investment b. Franchising c. International trade d.
Answers (1)
In two to three sentences, describe how you would organize your financial information.
Answers (1)
New Questions in Business
Ariel has two children, christopher and pat. christopher is 25 years old and pat is 22. both are full time students at southern college, have full tuition scholarships, and live at school during the year. christopher graduated in june.
Answers (1)
What is the Fisher effect? the tendency of nominal interest rates to rise with higher expected inflation rates the tendency of real interest rates to fall with higher expected inflation rates the tendency of nominal interest rates to fall with
Answers (1)
A tax on a good a. lowers the price that buyers pay and lowers the price that sellers receive. b. lowers the price that buyers pay and raises the price that sellers receive. c.
Answers (1)
Hi everyone I don't understand question 5 last part that how much to regular account? Kathy Burnett works for Triumph Industries. Her pay rate is $13.
Answers (1)
Where does the wave erosion occur and where
Answers (1)