The opportunity cost is identified as the benefit that. Which of the following best describes the opportunity cost of a year of college.
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Which of the following best describes an opportunity cost.
. Question Question 1 Which of the following best describes an opportunity cost. The value of the alternative selected. The value of all alternatives not selected.
For example Mr A has two choices - taking employment of 20000 per annum or being self-employed setting up a farm that will generate 25000 per annum. Option D is correct. The distribution of all products to be sold Costs that were incurred in the past and cannot be changed Benefits foregone by not choosing an alternative course of action Expected future costs that differs among alternatives Question 2 What is the name given to choosing among different alternative.
A special bargain or scale at below market price. Which of the following best describes an opportunity cost. Answered expert verified.
The correct option is c The difference between the alternative selected and the next best alternative. Relevant cost in decision making but it is not part of the traditional accounting. 62 The opportunity cost of attending college 62 A depends on what you expect to earn with your college degree.
It is the value of any activity that I undertake. D must be less than the money cost. It is not a relevant cost in decision making but is part of the traditional accounting records.
Which of the following best describes opportunity costs. Solution for Which of the following best describes an opportunity cost. B depends on what you could earn now.
Giving up the next best alternative by selecting the best option d. It is also the cost of alternative forgone. Which of the following best describes an opportunity cost.
They decide to spend 45 on infrastructure 45 on Social Security Benefits and 10 on regulating airline security. Which of the following best describes the concept of opportunity cost. It is the value of best forgone alternative that I give up when I make a decision.
The correct answer is b. This is the best answer based on feedback and ratings. View the full answer.
Opportunity cost is the future income or cost that. Implicit costs are associated to the opportunity cost incurred when a firm makes use of its internal re. Opportunity cost is the cost of an action that was not chosen or selected.
The firms accounting statement does not take implicit costs into account. Which of the following best defines opportunity cost. Expected future costs that differ among alternatives None of the items in.
Congress has a budget for spending on all three of 1 billion. It is a relevant cost in decision making but is not part of the traditional accounting records. Benefits foregone by not choosing an alternative course of action.
The dollar value of tuition books room and board and all associated explicit expenses. Which of the following best describes an opportunity cost. Taking every opportunity that comes your way b.
Sacrificing all beneficial options c. The difference between the alternative selected and the next best alternative. It is a relevant cost in decision making and is part of the traditional accounting.
E must be greater than the money cost. The monetary value of the option you choose. Cost of input tends to go up as we use more of them.
The time that you spent downloading and registering the app 4th option. Here the correct option is. It is the value of any good or service that I buy.
Based on the information provided in this situation which of. See full answer below. It is the cost of.
C depends on your major. So the time used for d. Opportunity cost of something isare the thing s that we give up to get that particular good or service.
The value of the.
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