What is the definition of opportunity cost? 1-4 which one is the correct answer

1. Opportunity cost refers to a NEGATIVE effect that a person could experience but gave up to take another course of action

2. Opportunity cost refer to a BENEFIT that a person could have received but gave up to take another course of action

3. Opportunity cost is a negative effect for a decision made

4. Opportunity cost is a benefit that a person received before taking another course of action

Question

06-06-2022
History

Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

What is the definition of opportunity cost? 1-4 which one is the correct answer

1. Opportunity cost refers to a NEGATIVE effect that a person could experience but gave up to take another course of action

2. Opportunity cost refer to a BENEFIT that a person could have received but gave up to take another course of action

3. Opportunity cost is a negative effect for a decision made

4. Opportunity cost is a benefit that a person received before taking another course of action

Sagot :

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.

What is the value the integral ∫₋₁¹ |x|dx?A. 1B. 0C. 2D. -1

Obese women with a negative glucose test and higher HbA1C are at higher risk for post-partum metabolic abnormalities compared with women in whom gestational dia

The process of evaluating new tools and equipment for ergonomic design to ensure they support natural movement is known as

Which of the following are you likely to find in a new factory town?a. a means of transportationb. good roads and a riverC.a source of raw materialsd. all of th

Explain the working principle of photovoltaic cell based street light controller with a neat circuit diagram and sensor characteristics.

Explain the minimax algorithm used for decision-making in such games. How does it ensure that a player makes the best possible move assuming the opponent also p

August wrote a diary entry about his visit to summer's house. Make a list ofimportant events and think about how August would have felt. Write a diaryentry desc

Susan's food choices at college are mostly pizza, fast food, and donuts. What components of this type of dietary pattern can lead to chronic diseases? Multiple

Look at the photo of the tile lake incarceration camp to the right. What about the environment surrounding the camp made it’s location an effective choice

que relacion tiene el huésped con el sistema inmunológico