Which of the Following Best Describes Opportunity Cost

Opportunity cost is the future income or cost that. I would say that the answer is B.

Solved 1 Which Of The Following Best Defines Opportunity Chegg Com

It is what could have been done with time or other resources instead of what was actually done.

. The distribution of all products to be sold. Which of the following sayings best describes opportunity cost. It is a relevant cost in decision making but is not part of the traditional accounting records.

The value of the next best option given up when making a decision. Opportunity costs are the opposite of trade-offs D. Which of the following best describes the relationship between trade-offs and opportunity costs.

Benefits foregone by not choosing an alternative course of action. Based on the information provided in this situation which of. Multiple Choice the expected rate of return on a government security having the same maturity as the project.

Which of the following best describes an opportunity cost. It is not a relevant cost in decision making but is part of the traditional accounting records. Which definition best describes an opportunity cost.

Opportunity cost of something isare the thing s that we give up to get that particular good or service. It is a relevant cost in decision. Benefits foregone by not choosing an alternative course of action.

See full answer below. Expected future costs that differs among alternatives. Giving up an opportunity to do something else when making an economic decision.

Costs that were incurred in the past and cannot be changed. Benefits foregone by not choosing an alternative course of action. Congress has a budget for spending on all three of 1 billion.

The phrase opportunity cost is the opportunity lost captures the idea of opportunity cost. Opportunity costs are incurred when trade-offs are made B. A Make hay while the sun shines B Love of money is the root of all evil C Boldly go where no one has gone before D Theres no such thing as a free lunch E Baseball has been very good to me.

A hypothetical cost taken into account to represent a benefit B. Costs that were incurred in the past and cannot be changed. The time that you spent downloading and registering the app 4th option.

Trade-offs occur when there are no opportunity cost. Here the correct option is. When one choice is made over another the next best use of time money andor resources is called aan.

Opportunity cost is best described by which of the following statements. Which of the following best describes an opportunity cost. It is a relevant cost in decision making but is not part of the traditional accounting records.

View the full answer. Opportunity cost is used to describe the value that is given up by choosing an alternative option when faced with choices. The correct option is c The difference between the alternative selected and the next best alternative.

The correct answer is b. Which of the following best describes the opportunity cost of your decision. They decide to spend 45 on infrastructure 45 on Social Security Benefits and 10 on regulating airline security.

Which of the following best describes an opportunity cost. An individual goes to the movies and decides to buy popcorn c. If Ameen decides to go straight to work for his father his opportunity cost would be the learning experiences of college as well as any potential extra earnings that he could make once he earns the college degree.

The opportunity cost is identified as the benefit that. Which of the following best describes what the opportunity cost of capital for a project that has some element of risk would be. It is not a relevant cost in decision making but is part of the traditional accounting records.

1 Answer to Which of the following best describes an opportunity cost. Trade-offs lower the opportunity costs of an economic decision C. Decision giving up an opportunity to do something else when making an.

If Ameen decides to go straight to work with his father his opportunity cost would be the salary that he earns while working there. The real price of items increases as the value of money decreases d. A cost relating to a particular business opportunity C.

The value of the benefit sacrificed in favour of an alternative course of action D. A cost that has no effect on the current decision ANSWER. An opportunity cost does not necessarily need to be.

It is a relevant cost in decision making and is part of the traditional accounting. Which of the following best describes an opportunity cost. So the time used for d.

The additional cost of producing one additional unit of output b. The money and time you spend on the movie. The distribution of all products to be sold.

The following best describes an opportunity cost. An individual pays for a guitar lesson instead of going to the movies.

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