Opportunity Cost Is Best Described as

The maximum amount a consumer will pay for using a product. An opportunity cost is best described as.

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Solved Relevant costs are best described as Select one.

. Future costs that differ between competing decision alternatives. The idea that people have unlimited wants and limited resources. Ob the value of the next best alternative.

An opportunity cost is best described as. Alex and Dylan mow and trim lawns. An opportunity cost may be described as a the correct measure of cost.

The possible opportunities lost when making an economic decision D. The opportunity cost is defined as alternative cost - costs measured in output of products and services forgoneIt cant be defined as variable cost. Opportunity cost is best described as the.

In simple terms opportunity cost is the benefit not received as a result of not selecting the next best option. Costs that were incurred in the past and cannot be changed. The distribution of all products to be sold.

C The cost involved in seeking new opportunities. The increased costs associated with producing additional items. D The cost incurred in training new staff.

The increased costs associated with producing additional items. The term OPPORTUNITY COST is best described as something that A. A company receives when services are bought B.

Relevant costs are best described as Select one. The opportunity cost of choosing this option is 10 to 0 or 10. The maximum amount a consumer will pay for using a product.

The possible opportunities lost when making an economic decision. B The cost of losing an order to a competitor. The idea that people have.

Benefits foregone by choosing a particular alternative course of action Costs that were incurred in the past and cannot be changed The distribution of all products to be sold Expected future costs that differ among alternatives Question 2. The value of what must be given up. Oc the opportunity foregone.

The maximum amount a consumer will pay for using a product. Financial Accounting Financial Management Financial Systems Implementation. The possible opportunities lost when making an economic decision.

The increased costs associated with producing additional items B. An opportunity cost may be described as a the correct measure of cost. SAVE20 Question 1 Opportunity cost is best described by which of the following.

A person gives up when a choice is made D. Hendikeps2 and 8 more users found this answer helpful. D All of these responses are correct.

The idea that people have unlimited wants and limited resources C. An opportunity cost is best described as. A person gets as a result of working for a company.

For the sake of simplicity assume that the investment yields a return of 0 meaning the company gets out exactly what is put in. Opportunity cost is a key concept in economics and has been described as expressing the basic relationship between scarcity and choice. O the expected rate of return given up by investing in a project rather than in the capital market.

Accounting questions and answers. Opportunity cost is best described by which of the following. QUESTIONS-The opportunity cost of capital can best be described as.

In the simple formula p 2q 100 we can say. Benefits foregone by choosing a particular alternative course of action. An opportunity cost may best be described as which of the following.

A most expensive resource used in production B Sum of all production costs C Value of the best alternative forgone when a choice is made D Monetary value of all alternatives forgone when a choice is made. A The cost of an alternative course of action. A company receives when goods are purchased C.

An opportunity cost is best described as. The possible opportunities lost when making an economic decision. The idea that people have unlimited wants and limited resources.

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