Introduction to Economics - Opportunity Costs | en - 199 - 19644
Loading

MID-YEAR SALE: 25% Off Certificates and Diplomas! Sale ends on Friday, 3rd July 2020

Claim My 25% Discount
Previous Topic Previous slide Next slide Next Topic

Opportunity Costs

  • Study Reminders

    Set your study reminders

    We'll email you at these times to remind you to study

    You can set up to 7 reminders per week

    You're all set

    We'll email you at these times to remind you to study

    Monday

    -

    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

    -

    7am

    +

    Friday

    -

    7am

    +

    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +
  • Study Notes
  • Discuss This Topic
    Sonia S.
    CD
    Sonia S.

    Wouldn't the cost opportunity of building a new hospital outweigh the benefit s of the consumer?

    Ibrahim A.
    NG
    Ibrahim A.

    what is alternative forgone

    Ibrahim A.
    NG
    Ibrahim A.

    In a product when the buy choice to buy another product. for instance, if a government of a country want to build a road and the much money to build it ,than the wish to build hospital

    Isabella R.
    VE
    Isabella R.

    is there a difference beteen cost of choice ande oportunity cost?

    Robert M.
    KE
    Robert M.

    nations should be carefulle with choices they make to minimize loss and max benefit

    Trishia R.
    PH
    Trishia R.

    There are several alternatives when making a decision. The alternatives that are lost because you chose a certain alternative are the opportunity costs.

    Kekeli K.
    GH
    Kekeli K.

    A foregone alternative is the product you let go of in order to buy another product. For instance, if you have to buy a Chinese Motor bike to commute to work so that you can have some money for rent, your foregone alternative is buying a comfortable car.

  • Text Version
Notification

You have received a new notification

Click here to view them all