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mario050
Pridružen/-a: 12.04. 2022, 13:05
Prispevkov: 45
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 Objavljeno: 06 Jul 2022 14:36 Naslov sporočila: The law of increasing opportunity costs |
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what is the reason for the law of increasing opportunity costs?
the law of increasing opportunity costs: What is the rationale behind the law of growing opportunity costs? It’s as follows in boo money:
It is important in business and economics. Because judgments about how to best utilize limited resources will always be made, there will always be opportunity costs.
Why does the law of increasing opportunity cost occur Quizlet?
The law of growing opportunity costs is based on the idea that resources are not fully adaptable to new applications. To make better use of one product, resources with high productivity in another product will be required.
Why does opportunity cost exist Quizlet?
People make decisions based on costs and benefits. 4. Opportunity costs exist because: the decision to engage in one activity means foregoing other activities.
Which of the following describes the law of increasing opportunity cost?
According to the law of growing opportunity costs, if a country wishes to produce more of one thing, it must sacrifice greater amounts of other things in order to do so. Which scenario is most likely to shift a country’s output potential curve inward?
Does opportunity cost exist with scarcity?
The concept of trade-offs due to shortage is formalized by the concept of opportunity cost. When scarce resources are used, people and firms are forced to make choices that have an opportunity cost. |
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