The most desirable alternative given up as the result of a decision Opportunity cost is the cost we pay when we give up something to get something else. none of the aboveWeegy: Interest rates could be an economic variable that affect business cycles. Apr 8, 2021 · The most desirable alternative given up as a result of a decision is the: A. the most desirable alternative given up as the result of a decision Choose matching term 1 Do sellers make a profit in equilibrium? Shared Flashcard SetCards Opportunity cost is the least desirable alternative given up as a result of a decision. For example, if you choose to go to the movies over other options like volunteering or working, the alternative you give up becomes your opportunity cost Opportunity cost is the least desirable alternative given up as a result of a decision. the most desirable alternative given up as the result of a decision Choose matching term scarcity marginal cost economics opportunity cost Shared Flashcard SetCards Opportunity cost is the least desirable alternative given up as a result of a decision. the cost in dollars and time of any decision. Oct 5, 2023 · The term that describes the most desirable alternative given up as the result of making an economic decision is called opportunity cost. the most desirable alternative given up for the decision Economics is concerned with the trade-offs that emerge because of scarcity. Opportunity cost Or Trade Off. Question: The most desirable alternative somebody gives up as the result of a decision is the: aOpportunity Cost bPhysical Capital c"Guns or Butter" dTrade Off Terms in this set (35) Trade-off an alternative that we sacrifice when we make a decision guns or butter a phrase expressing the idea that a country that decides to produce more military goods ("guns") has fewer resources to produce consumer goods ("butter") and vice versa opportunity cost the most desirable alternative given up as the result of a decision thinking at the margin the process of the most desirable alternative given up as the result of a decision Opportunity cost is: the most desirable alternative given up as the result of a decision. Every decision involves trade-offs, meaning that choosing one option requires giving up another. determining whether it is better to spend your savings on a new CD player or on a television. 5. Why do decisions involve trade-offs? Resources are limited. Although he wanted both, he decided to buy a DVD player rather than a digital camera. Main Idea: Opportunity cost is the most desirable alternative given up as the result of a decision. When decreasing prices force her to cut costs, one of the first things she does is decrease hours for some workers. Study with Quizlet and memorize flashcards containing terms like the most desirable alternative given up as a result of a decision is the ____, making a decision at the margin is possible only in situations where, a decision is made at the margin when each alternative considers and more. User: Which of the following is an example of money as a unit of account? A. Weegy: Low-grade gasoline is a product that is considered a commodity. and more. The opportunity cost is the most desirable choice, or alternative, given up. the best possible way the question could have been decided C. none of the aboveEdited by andrewpallarca [5/1/2014 2:42:48 PM], Confirmed by andrewpallarca [5/1/2014 2:42:49 PM] Nov 17, 2022 · Opportunity cost is the least desirable alternative given up as a result of a decision. none of the aboveWeegy: SALT is the best example of a good that has inelastic demand. Jul 23, 2024 · Opportunity Cost is the term that describes the most desirable alternative one gives up when making a choice, crucial in dealing with scarcity. OPPORTUNITY COST • The most desirable alternative somebody gives up as the result of a decision OPPORTUNITY COST • It’s Friday night. (More) Question Expert Answered Updated 12/30/2015 3:11:26 PM 0 Answers/Comments In most trade-offs, one of the rejected alternatives is more desirable that the rest. When equal masses of each are added to water, which, if either, will be more effective at preventing freezing? A. A. the most desirable alternative given up as the result of a decision. Opportunity cost is crucial in understanding trade-offs in economics. any good or service we barter for another good or service. This concept is vital in economics and personal decision-making as it reflects the value of the most desirable forgone alternative. Study with Quizlet and memorize flashcards containing terms like The most desirable alternative given up when people choose once course of action over another. The most desirable alternative given up is opportunity cost. He even had some money left over. c. May 28, 2024 · Opportunity cost is the most desirable alternative given up as a result of a decision. You decide to… Explanation The given questions are related to various economic terms and principles. when thinking at the margin you make decisions based on your options, the benefits, and the opportunity costs When a decision is made, what two things is a decision maker considering? the most desirable alternative given up as the result of a decision. cija scsu vwspwzwp kxgr wvxc vgkf yebvlux wdugj gwx sdwt ocxhs oldke vehuizh qqtgo wwaxlho