Can anyone help me with this??? Im having trouble finding the opportunity cost... and i need more than just the definition... can anyone write a short essay how the role of opportunity cost in all economic decisions? please??
2006-10-09 08:57:05 · 3 answers · asked by Anonymous in Education & Reference ➔ Homework Help
In economics, all decisions have an associated opportunity cost. Opportunity cost is defined as the benefits forfeited in lieu of the second best decision. For example, the opportunity cost of buying new shoes may be that you can't buy food. Or, the opportunity cost of manufacturing guns is that you can't manufacture butter.
2006-10-09 08:59:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Read the link below for an in depth discussion.
2006-10-09 09:01:13 · answer #2 · answered by msbedouin 4 · 0⤊ 0⤋
ill give it shot... 1)e, 2)b, 3)c, 4)c, 5)a 6)c, 7)e, 8)c, 9)b
2016-03-28 02:53:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋