Select the answer that best describes opportunity cost:
A. The amount of money you put into savings every year.
B. The amount of money a business makes every year from sales.
C. What you gain as a result of choosing one option versus another; a benefit.
D. What you give up as a result of choosing one option versus another; a trade-off.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Select the answer that best describes opportunity cost: A. The amount of money you put into savings every year. B. The amount of money a ...” 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
John promised the other co-owners of the ship Sea Fairy that he would insure the ship for an upcoming voyage. However, John fails to insure the ship. The ship is shipwrecked in a turbulent sea. The co-owners sue John for breach of contract.
Answers (1)
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,400 units) : Direct materials $172,600 Direct labor 232,000 Variable factory overhead 266,700 Fixed factory overhead 90,000
Answers (1)
Mark has two job offers when he graduates from college. mark views the offers as identical, except for the salary terms. the first offer is at a fixed annual salary of $50,000.
Answers (1)
Assume that an individual only consumes two goods: pizza and colapizza and cola , with pizzapizza being a normal gooda normal good.
Answers (1)
What is the difference between monetary policy and fiscal policy
Answers (1)
New Questions in Business
Explain what is meant by market research.
Answers (1)
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.
Answers (1)
Why did the Soviet Union experience many surpluses and shortfalls? A) The labor force wasn't well educated B) The cold climate made farming hard C) Central planners could not manage every detail D) The country depended on imports to obtain resources.
Answers (1)
A hospitality operation has sales revenue of $462,000 with variable cost averaging 44%. Fixed costs are $188,000. The owner wants a net income after tax of $50,400 based on a tax rate of 28%. a.
Answers (1)
True or false fdr was eager to use deficit spending to end the economic crisis.
Answers (1)