Which of the following best defines "opportunity cost"?
a. taking every opportunity that comes your way
b. sacrificing all beneficial options
c. giving up the next best alternative by selecting the best option
d. the monetary value of the option you choose
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following best defines "opportunity cost"? a. taking every opportunity that comes your way b. sacrificing all beneficial ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
How to open a business and have a good site? Make up theme and skin care
Answers (1)
Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several year ago and has a claimed $12,5000 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss? a.
Answers (1)
Bill has a take home pay of $4300 each month. He has the following monthly obligations: Rent $850, Utilities $200, Cable $150, Food $400, Car Payment $275, gas for car $160, Visa $85, Best Buy loan $75, Khol's $52, Master Card $50.
Answers (1)
The open items on your computer are displayed where
Answers (1)
What's the common sense of accounting, how to learn it? How to use it into practical work?
Answers (1)
New Questions in Business
The Nolan Corporation finds it is necessary to determine its marginal cost of capital. Nolan's current capital structure calls for 30 percent debt, 20 percent preferred stock, and 50 percent common equity.
Answers (1)
Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.
Answers (1)
If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.
Answers (1)
The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.
Answers (1)
Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.
Answers (1)