Register
The cost of the next best alternative use of money, time, or resources, when one choice is made rather than another Question 7 options: opportunity cost User Assessment Alternative Banking Search Cost
154k views
1 vote
The cost of the next best alternative use of money, time, or resources, when one

choice is made rather than another

Question 7 options:

opportunity cost


User Assessment


Alternative Banking


Search Cost

User Shyju
by
6.7k points

1 Answer

5 votes

Answer:

opportunity cost

Step-by-step explanation:

This is the economical lost of expending the same amount of resources doing other activity that would give you another economic profit.

User Docans
by
7.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!