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Opportunity Cost
Page 2
Questions (268)
Question
How does opportunity cost affect people's wants and needs? (1 point) Responses It changes the supply and demand of
2 answers
asked by
zeo
43 views
Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play board games. They
2 answers
asked anonymously
70 views
Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies
2 answers
asked by
Dw
94 views
Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
(1 point)
2 answers
asked by
hjgj
153 views
Opportunity cost is
A.not relevant for macroeconomic decisions but is the main consideration in microeconomic decisions B. The
2 answers
asked anonymously
44 views
Select the answer that best describes opportunity cost:
Question 1 options: What you give up as a result of choosing one option
2 answers
asked anonymously
47 views
The opportunity cost of attending a class at 11:00 a.m. will likely differ from the opportunity cost of attending a class
2 answers
asked anonymously
39 views
Which of the following would least likely be, for the typical student, the opportunity cost of attending a class at
2 answers
asked anonymously
46 views
Frank is trying to decide which crops to plant that will give him the most incomeLinks to an external site./benefit, corn, rice,
2 answers
asked anonymously
101 views
Ben doesn't want to mow the yard so he asks his sister Stacy for help. Stacy says: "I'll mow for you but you have to do the
2 answers
asked anonymously
272 views
How does opportunity cost affect people's wants and needs?
(1 point) Responses It changes the supply and demand of goods. It
2 answers
asked by
spongebob
62 views
Opportunity cost is
a. all of the alternatives we have in making a decision b. the condition that exists when there are limited
2 answers
asked by
AOL
56 views
A fast-food chain makes the decision to reband itself as a mid range adult cafe instead of a cheap kid friendly restraunt. This
3 answers
asked by
Kaleb Gilliam
76 views
Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a bathing suit for $15.00, a sun hat for
3 answers
asked by
Kaleb Gilliam
69 views
A fast food chain makes the decision to rebrand itself as a need range adult café instead of a cheap care, friendly restaurant.
1 answer
asked by
Hi
165 views
Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a new purse for $12.00, a sun hat for
5 answers
asked by
tk4 mann
250 views
8. What is the opportunity cost of moving production from point B to point A?
9. What is the opportunity cost of increasing
3 answers
asked anonymously
26 views
What is the opportunity cost of increasing production from 16 pizzas to 20 pizzas?
b. What is the opportunity cost of increasing
3 answers
asked anonymously
38 views
What is the cost of what you have to give up when making a choice?
Demand Opportunity cost Economics Supply
3 answers
asked anonymously
37 views
What is the opportunity cost of producing the company Lyft and what is the opportunity cost of that product?
1 answer
asked by
lala
235 views
when you must give something up in order to get something else its called
1 answer
asked by
Carly
423 views
One way to look at opportunity cost is that when you choose to satisfy one want, __________.
A. you gain an opportunity for
1 answer
asked by
k
347 views
Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVs) for your summer
3 answers
asked anonymously
35 views
how to draw a diagram of production possibility when the table is
bundle of out put capital goods consumer goods a 0 78 b 20 68 c
1 answer
asked by
201704533
435 views
You have an hour between your economics and math classes. What is the opportunity cost of that time if you use it to complete
3 answers
asked by
Angela
1,632 views
Question.1
Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the
3 answers
asked by
meh
1,500 views
Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a new purse for $12.00, a sun hat for
3 answers
asked by
//////////////////////////////////////////////////
88 views
J make ice in 4 hours and make cream in 2 hours. P make ice in 6 hours and make cream in 4 hours. What is each opportunity cost
1 answer
asked by
Anonymous
297 views
If you choose between two summer jobs, what is the one you do not choose called?
A. trade-off B. opportunity cost C. decision at
4 answers
asked by
Nirvana
1,388 views
My homework question says " what is the opportunity cost of good x in term of y, when production is shifted from point b to c
1 answer
asked by
Pavleen
478 views
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. it shows the quantity of each good that Paulie and Vinny
2 answers
asked by
Lulu
1,290 views
Country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. The opportunity
1 answer
asked by
Frank
473 views
Suppose, unfortunately , your mathematics and economics professors have decide to give tests 2 day from now and you can spend
1 answer
asked by
thiti
940 views
What is the opportunuity cost if you make 15 a hour but you decide not to work for a 1 hour and go to the movie which cost 10
1 answer
asked by
kris
365 views
Josh has decided to take a course at the local community college that could help him get a promotion at work. The course begins
2 answers
asked by
Michelle
773 views
Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a bathing suit for $15.00, a sun hat for
1 answer
asked by
goodog
107 views
Use the concept of opportunity cost to explain the following.
a. more people choose to get graduate degrees when the job market
10 answers
asked by
Dalia
1,218 views
Nivea wants to buy a new backpack. She looks at different choices. One store has a yellow backpack and a large blue one that she
2 answers
asked by
Anonymous
532 views
Why does making an economic choice involve opportunity cost
3 answers
asked by
Stacy
30 views
Mary earns $100/day at a flower shop. She will take 2 days off without pay to attend an out of town wedding. Transportation will
2 answers
asked by
d
847 views
Pat and Kris are roommates. They spend most of their time studying (of course), but they leave some time for their favorite
1 answer
asked by
Ahmad
1,039 views
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for
1 answer
asked by
Vinnie
349 views
Assume that garbage collection is now free. Suppose a local goverment began to charge a household $2 every time that a household
1 answer
asked by
Joe
312 views
Japan
1 bulldozer 3 cars America 1 bulldozer 2 cars WORLD TOTAL 2 bulldozers 5 cars 8. What is the opportunity cost for America
4 answers
asked by
alex
1,271 views
If a country is currently producing 11 units of health care and 16 units of education, what is the
opportunity cost of producing
1 answer
asked by
Tasha
443 views
If you choose between two summer jobs, what is the one you do not choose called?
A. opportunity cost B. decision at the margin OR
1 answer
asked by
Anonymous
426 views
potatoes chickens
MICHELLE 200 PER YEAR 50 PER YEAR jAMES 80 PER YEAR 40 PER YEAR What is michelles opportunity cost of p
1 answer
asked by
wendy
778 views
The term, _____ , refers to the potential benefit a person gives up when he or she decides to do one thing instead of another.
4 answers
asked by
nicole
376 views
Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per
4 answers
asked by
Ace
1,576 views
For each of the five situations below, identify the opportunity cost of the person's choice. Describe the choice and opportunity
3 answers
asked anonymously
55 views
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Parent Categories (48)
Basic Concepts
Basic Principles
Budgeting and decision-making
Budgeting and Spending
Budgeting/Spending
Choice and Decision Making
College
College expenses
Comparative advantage
Consumer Choice
Consumer choices
Cost
Cost Analysis
Cost and Profit Analysis
Cost-Benefit Analysis
Costs
Costs and Budgeting
Decision-Making
Demand
Economic choices
Economic Needs and Wants
Economics
Finance
Fundamental concepts
Investing
Investments
Key Concepts
Microeconomics
Microeconomics or Decision-Making
Personal Finance
Plotting and Analyzing Production Possibilities
Price
Production
Production and Resources
Production possibilities
Production Possibilities Curve
Production Possibilities Frontier
Production Possibility Curve
Production Possibility Frontier
Purchasing Options
Saving and Investing
Scarcity
Student Loans
Supply and Demand
Trade
Trade-offs
TV and Board Games
Word Problems