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23-08-2017
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Opportunity costs occur when decisions are made. economists recommend that those decisions be based on what?

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Erudite1 Erudite1

30-08-2017

Those decisions should be based on COSTS AND BENEFITS.
In making decision on which course to follow, the decision made will be based on the costs of the products involved and the benefits that each one of them has to offer. The product with the lowest cost and the highest benefits should be chosen.

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