sierrabuckner6591 sierrabuckner6591
  • 23-08-2017
  • Business
contestada

Opportunity costs occur when decisions are made. economists recommend that those decisions be based on what?

Respuesta :

Erudite1
Erudite1 Erudite1
  • 30-08-2017
Those decisions should be based on COSTS AND BENEFITS.
In making decision on which course to follow, the decision made will be based on the costs of the products involved and the benefits that each one of them has to offer. The product with the lowest cost and the highest benefits should be chosen.
Answer Link

Otras preguntas

Is 24/6 only a rational number
traditional economies do not use ______ as a medium for trade
The specific heat capacity of gold at 25°C is 1.290×10-1 J/g/K. For a 5.25×102 g sample of gold, how much will the temperature increase if 6.908×102 J of energy
For exercise, mr.harris walked 1 and 3 fourths miles 5 times last week.how many miles did he walk in all?
sally and Hans started counting at the same time. sally counted on by tens from 300.Hans counted back by hundreds. after six counts, they had reached the same
how long has peter randal been an artist
What is the main reason Britain's claim to all lands between Newfoundland and Florida failed?
how long has peter randal been an artist
sally and Hans started counting at the same time. sally counted on by tens from 300.Hans counted back by hundreds. after six counts, they had reached the same
What was a key reason for the post-war cash crunch in America?