Opportunity cost is:
the benefit derived from a product.
about half of the monetary cost of a product.
the dollar payment for a product.
the value of the best alternative forgone in making any choice.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Opportunity cost is: the benefit derived from a product. about half of the monetary cost of a product. the dollar payment for a product. ...” 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 much money should you save in case you have an emergency? A) Eight months of living expenses B) Six months of living expenses C) Twelve months of living expenses D) Two months of living expenses
Answers (2)
In order to properly record a direct-financing lease, the lessor needs to know how to calculate the lease receivable. The lease receivable in a direct-financing lease is best defined as1. the present value of minimum lease payments. 2.
Answers (1)
The direct write-off method A) is acceptable for financial reporting purposes. B) debits Allowance for Doubtful Accounts to record write-offs of accounts. C) estimates bad debt losses.
Answers (1)
A righteous moralist is most likely to claim that a. inequalities are justified if they benefit the position of the least-advantaged person. b. human beings have fundamental rights and privileges that transcend national boundaries and cultures. c.
Answers (1)
Which piece of labor legislation applies specifically to airline workers today?
Answers (1)
New Questions in Business
For which of the following reasons did the office of juvenile justice and delinquency prevention in the late 1980s initiate an intensive community-based juvenile aftercare project called the intensive aftercare program (iap?
Answers (1)
If Malcolm shorts 500 shares of a stock priced at $15 per share, how much profit or loss will he realize for each $1 change in stock price? Select the best answer from the choices provided. A. $15 B. $33 C. $500 D. $7,500
Answers (1)
Hevesy Inc. produces and sells a single product. The selling price of the product is $200.00 per unit and its variable cost is $80.00 per unit. The fixed expense is $300,000 per month. The break-even in monthly unit sales is closest to: a. 2,500 b.
Answers (1)
There is only one small clothing store in the remote village of hooterville, and until recently all of the townspeople bought most of their shirts there.
Answers (1)
Each unit of a product requires 5 components. The average number of components is 5.50 due to component failure. Purchasing higher quality components can reduce the average number of components to 5 per unit. The cost per component is $450.
Answers (1)