Give any three suitable example of the intervening Opportunity that you ever obsessed around you

Q: What is opportunity cost?

A: "In economics, cost refers to the value of money that is spent in order to produce a good." Costs…

Q: give three examples of important tradeoffs that you face in your life

A: The examples of some important tradeoffs that I will face in life will be : 1) if I want to go to…

Q: What are the likely consequences of not intervening?

A: The government can intervene in an economy through various ways and this can affect differently to…

Q: What is opportunity cost and how can this concept be applied in real life?

A: In economics, opportunity cost is an important concept to study as it has significance in making…

Q: you must make decision for one choice, could you discuss what economic principles or concepts that…

A: Consumers' preferences of goods and services are at the heart of economics. Market forces decide the…

Q: Which of the following statements about average product and marginal product is correct? (A) If…

A: Average product is the total product which is produced divide by the total number of variable inputs…

Q: What item u figure out of opportunity cost of vacation to Disney world

A: Opportunity cost is the cost of alternatives when one chooses to do one thing.

Q: What is a trade-off? Give two examples of trade-offs that you face in your life.

A: Because individuals have limited resources at their disposal, the problem of scarcity requires them…

Q: On what are the Economic decisions based?

A: Economic decisions are the decisions made by the economic agents to pursue a goal and achieve a…

Q: How do you evaluate your opportunity cost in terms of the alternative decisions that you have to…

A: Oportunity cost is the following best elective which we have renounced because of purpose of present…

Q: What are the decisions that people have usually made that incurred opportunity costs?

A: The opportunity cost of a specific activity option in microeconomic theory is the loss of value or…

Q: The increase in saving account deposits would Select one: a. increase M1. b. have no effect on M2.…

A: Money supply refers to all the currency and liquid assets in an economy at a given point in time.…

Q: T or F Everything we do has its opportunity cost. Why?

A: In economics, it is necessary to choose between several products because resources are limited in…

Q: Why does knowing the facts help people maximize their choices

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Why should the economic decision be based on the objective of making the best use of limited…

A: Economic decisions are the decisions by economic agents in order to sort out problems related to…

Q: What are the three diverse exercises of subject of economics?

A: Amartya Sen has given three diverse exercises of subject of economics.

Q: What makes Economic Decisions different from other Design Decisions?

A: The engineering economic decisions are investment decisions that are related to engineering…

Q: Is the opportunity cost of an action a subjective evaluation?

A: Subjective evaluation refers to the judgment based on personal beliefs and opinions. According to…

Q: Two firms are competing in a Bertrand market. Each firm's residual demand and cost functions are 91…

A: q1=150-5p1+4p2q2=125-3.8p2+5p1TC1=5q1TC2=3.8q2

Q: All else equal, what happens in the money market when the average price level falls (must show your…

A: The equilibrium interest rate is determined where the demand and supply for money are equal. The…

Q: What is the name for something that changes the trade-offs that people facewhen making a decision?

A: A trade-off is a situation in economics where making one choice or purchasing one good means losing…

Q: What do opportunity costs represent?

A: A trade-off is a situation, where making one choice or purchasing one good means losing the chance…

Q: Do consumers always make rational consumer decisions when buying economic goods?

A: Rational action applies to a choice - formation mechanism focused on the making of decisions that…

Q: Describe the procedure of considering economic decisions?

A: The following procedure should be kept in mind while taking economic decisions: Identify the…

Q: It’s Friday night. You already have a ticket to aconcert, which cost you $30. A friend invites youto…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: What is Opportunity Cost? And its example

A: Trade helps to specialize in activities which have comparative advantage.

Q: In samuelson's trade cycle model when the value of α = 0.5 and B = 3 then there is : 1) Cycle less…

A: Global trade theories investigate patterns and advantages of international commerce. Comparative…

Q: What is choice on economic

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…