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Author Question: The reason that opportunity costs arise is that (Read 94 times)

karen

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on: Apr 19, 2019

Question 1

Opportunity cost is


◦ that which we forgo, or give up, when we make a choice or a decision.
◦ a cost that cannot be avoided, regardless of what is done in the future.
◦ the additional cost of producing an additional unit of output.
◦ the additional cost of buying an additional unit of a product.

Question 2

The reason that opportunity costs arise is that


◦ an economy relies on money to facilitate exchange of goods and services.
◦ resources are scarce.
◦ there are no alternative decisions that could be made.
◦ people have limited wants.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by karen on Apr 19, 2019

Toya9913

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply #2 on: Apr 19, 2019
Thank you!


Toya9913

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Reply #3 on: Apr 19, 2019
Always glad to help...


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