sierrabuckner6591 sierrabuckner6591
  • 23-08-2017
  • Business
contestada

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

Respuesta :

Erudite1
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.
Answer Link

Otras preguntas

Find two numbers differing by 36 whose product is as small as possible. enter your two numbers as a comma separated list, e.g. 2, 3. the two numbers are .
Which choices are equivalent to the fraction below? Check all that apply.3^9/3^9 A.3^18 B.3^1 C.0 D.3^0 E.1
Golf course owners put their sprinklers on a ________ schedule so that people can know when they can play on the course without getting wet. a. fixed b. continu
Economists use changes in GDP to measure
What came first the Roman Empire or the Roman Republic? What was the Roman Republic like? What was the Roman Empire like? Who were some Roman Emperors? Descri
A mechanic buys $14.56 worth of parts from a supplier. If he pays for the parts with a $20 bill, how much change will he receive?
Select all that apply. Which factors influence your resting metabolic rate? age height gender body composition race frequency of eating
What ruling did the Supreme Court make regarding flag burning in Texas v.Johnson?
What is the y and x? write an equation.
Point H Is the circumcenter or a triangle DEF which must be true