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I need examples of trade-offs and opportunity cost please !!!
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42 votes
42 votes
I need examples of trade-offs and opportunity cost please !!!

User Jnorris
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16 votes
16 votes
Examples of Opportunity Cost in the Business & Economic
Environment.
Work-leisure choices.
...
Government spending priorities.
...
Investing today for consumption tomorrow. ...

Use of scarce farming land.
...
Trade-offs.
User Ilya Konyukhov
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15 votes
15 votes

Answer:

A trade off occurs when one item is sacrificed in order to get another ... for example are you trying to decide whether to take the Fourth of July off to spend with your family or to go to work and work additional overtime? ...that's a trade off .......

Opportunity costs one of the most important concepts in economics are created through trade offs.

Step-by-step explanation:

User Rump Roast
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