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opportunity cost, In economic terms, the opportunities forgone in the choice of one expenditure over others. For a consumer with a fixed income, the opportunity cost of buying a new dishwasher might be the value of a vacation trip never taken or several suits of clothes unbought. The concept...
Gregory Mankiw’s economics principles: People Face Trade-offs. In today's article, we will be discussing his another well-known economics principle: Opportunity Cost. When addressing the word “cost,” most people might instantly connect it with money or wealth. Even though it is about money ...
In the field of economics, "opportunity cost" refers to ___. A. The cost of the next best alternative B. The cost of the best alternative C. The cost of the worst alternative D. The cost of the same alternative 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
Microeconomics is the study of economics which deals with the activities related to individual units that is; an individual consumer decision to maximize the satisfaction, the individual producer main aim is the maximization of profit.Answer and Explanation: The concept of ends, ...
For instance, in the above example, imagine that spending money to create that new product would generate a 50% ROI over five years, while marketing ROI would top out at 25%. Now, your opportunity cost is -25%, which means you’ll be foregoing the “opportunity” to earn 25% less ...
economics: opportunity costWhich of the following is correct concerning opportunity cost?a. Except to the extent that you pay more for them, opportunity costs should not include the cost of things you would have purchased anyway.b. To compute opportunity costs, you should subtract marginal benefits...
1 关于ECONOMICS中OPPORTUNITY COST的问题 Over the past 10 years,university students have came under increasing financial pressure.For the previous40 years,the government paid for all student tuition fees.Is also gave a grant to students to cover their living expenses,although this grant was means te...
her opportunity cost. opportunity cost means the value of the next best alternative. for instance, instead of going on her third date with adam, jenny could've been binge watching her favorite tv show. she might have been ...
In economics,riskdescribes the possibility that an investment's actual and projected returns will be different and that the investor may lose some or all of their capital. Opportunity cost reflects the possibility that the returns of a chosen investment will be lower than the returns of a forgone...