Which of the Following Best Describes Opportunity Cost

62 The opportunity cost of attending college 62 A depends on what you expect to earn with your college degree. Which of the following best describes an opportunity cost.

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It is a relevant cost in decision making and is part of the traditional accounting.

. This is the best answer based on feedback and ratings. B Every economic choice is accompanied by an opportunity cost. B it is not a relevant cost in decision making but is part of the traditional accounting records.

Which of the following cost classification categories is almost identical to a relevant cost. Losing family time because of the rehearsal schedule. The real price of items increases as the value of money decreases d.

It is a relevant cost in decision making but is not part of the traditional accounting records. It is a subjective valuation that can be determined only by the individual who chooses the action. The following best describes an opportunity cost.

Missing out on playing soccer for the rest of the semester d. C depends on your major. B depends on what you could earn now.

A special bargain or scale at below market price. A Opportunity costs are incurred when trade-offs are made. Which of the following best describes an opportunity cost.

The chance that she may not make any new friends at rehearsal practice b. It is a relevant cost in decision making and is part of the traditional accounting records. Which of the following best describes the opportunity cost of your decision.

1 Answer to Which of the following best describes an opportunity cost. It is a relevant cost in decision making but is not part of the traditional accounting records. Opportunity cost of something isare the thing s that we give up to get that particular good or service.

E Opportunity cost refers to the financial implications of making choices. B Opportunity costs are the opposite of trade-offs. A it is a relevant cost in decision making but is not part of the traditional accounting records.

The opportunity cost is time spent studying and that money to spend on something else. View the full answer. Which of the following best describes an opportunity cost.

Benefits foregone by not choosing an alternative course of action. Cost of input tends to go up as we use more of them. Implicit costs are associated to the opportunity cost incurred when a firm makes use of its internal re.

The time that you spent downloading and registering the app 4th option. E must be greater than the money cost. Decision giving up an opportunity to do something else when making an.

Which of the following best describes an opportunity cost. Which of the following best describes an opportunity cost. A Opportunity cost is always positive.

It is a relevant cost in decision. AWhich of the following best describe economic growth 1An increase in real GDP per Capita over timewhere GDP per capita is real output divided by population 2An increase in the value of final goods and services produced within the borders of the country in a one-year period 3A sustained increase in nominal GDP occurring over time 4An absolute change of real. Instead most choices involve ___________ which includes comparing the benefits and costs of choosing a little more or a little less of a.

The firms accounting statement does not take implicit costs into account. What term best describes the use of both financial and non-financial measures in assessingwhether an entity has achieved its objectives. It denotes the benefit of something that must be given up to acquire or achieve something else.

D must be less than the money cost. The correct answer is b. So the time used for d.

Costs that were incurred in the past and cannot be changed. Up to 256 cash back Which of the following best describes the relationship between trade-offs and opportunity costs. Which of the following best describes an opportunity cost.

Opportunity cost is the future income or cost that. It is usually relevant and recorded in the books. Which of the following best describes the concept of opportunity cost.

An individual pays for a guitar lesson instead of going to the movies. It is usually relevant but is not recorded in the books. Most real world choices arent about getting all of one thing or another.

C If two individuals make the same economic choice the opportunity cost for the two individuals is the same. It is usually irrelevant and is not recorded in the books. Group of answer choices costs that were incurred in the past and cannot be changed The distribution of all products to be sold Expected future costs that differs among alternatives Benefits foregone by not choosing an alternative course of action.

It is not a relevant cost in decision making but is part of the traditional accounting records. An individual goes to the movies and decides to buy popcorn c. It is not a relevant cost in decision making but is part of the traditional accounting records.

Which of the following best describes the opportunity cost of an action. It is usually irrelevant but is not recorded in the books. When one choice is made over another the next best use of time money andor resources is called aan.

Which of the following best describes madisons opportunity cost if she decides to take the leading role. D Opportunity cost is always negative. Here the correct option is.

C it is a relevant cost in decision making and is part of the traditional accounting. The distribution of all products to be sold. See full answer below.

The money and time you spend on the movie. Option D is correct. Opportunity cost is concept used in economics.

It is a relevant cost in decision making but is not part of the traditional accounting records. Which of the following best describes an opportunity cost. The opportunity cost is planting a different crop or an alternate use of the resources land and farm equipment.

Benefits foregone by not choosing an alternative course of action. It is not a relevant cost in decision making but is part of the traditional accounting records. A farmer chooses to plant wheat.

The additional cost of producing one additional unit of output b. Because of this opportunity cost is used in the decision-making process. The possibility of stage fright the night of the performance c.

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