Assignment Help - homework help

Define decisionsmaking on opportunity costs

Decisions based upon opportunity costs are not concerned in a direct way whiles: (i) you fail to buckle up before driving a car. (ii) a brilliant high school graduate works like a rapid food cook in place of attending college. (iii) lightning starts a main forest fire on an uninhabited desert island. (iv) global warming raises the probability of deadly hurricanes.

Hey friends please give your opinion for the problem of Opportunity Costs and Decisionmaking that is given above.

   Related Questions in Public Economics

  • Q : Occurrence problem of Economic

    Economic inefficiency is most obviously a problem while: (i) Elmer hates Alpo but eats this so he can afford a cheap daily bottle of Gertrude's Hi Test Wine. (ii) Emma forgot to turn off the water and this runs down the street in a storm sewer six blo

    		•
  • Q : Occurrence of good or service scarce in

    A good or service is scarce when people: (w) would benefit from its reduction. (x) wish more than the amounts freely obtainable. (y) cannot enjoy this simultaneously. (z) can freely consume all they want.

    Q : When is an economic system economically

    An economic system is economically efficient when: (w) economic inequity has been removed. (x) any gains to someone through several possible rearrangement of goods or resources would need losses on the part of someone else. (y) more o

    		•
  • Q : Problem on economic system of a country

    The economic system of a country is generally categorized according to: (1) Who makes decisions and who owns that resources. (2) Whether it is totalitarian or democratic. (3) Its per capita GDP and its currency value in the Euros or U.S. dollars. (4)

    		•
  • Q : Founder of utilitarianism Jeremy

    Jeremy Bentham [from 1748 to 1832] was: (1) the owner of a pet pig he permitted to roam by his mansion. (2) the founder of utilitarianism. (3) appointed to the Board of Trustees of the University of London, and keeps on the Board today. (4) stuffed an

    		•
  • Q : Validation of a new theory in

    A new theory evolves within common sense only after this is determined: (1) Helpful through extensive testing. (2) Within conformity along with Newtonian mechanics and Occam's razor. (3) To contain relatively only some exceptions. (4) Acceptable through the Institute

    		•
  • Q : Description about the wealth of nations

    In 1776 Adam Smith’s work, The Wealth of Nations, is mainly a description of how: (1) democratic socialism is more efficient than totalitarianism. (2) self interest is coordinated within a market system. (3) barriers to internat

    		•
  • Q : Economic questions incapability of

    Economic questions incapable of scientific verification like to correctness or falsity, as like why, how and when to prosecute and execute alleged murderers, or to whom income must be again distributed, fall in the category of: (1) positive economics.

    		•
  • Q : Define subjective opportunity cost for

    Can someone explain me with excellent solution about problem of economic concept of Opportunity Cost... If you exchange your Audi for a race horse you hate, and exchange the race horse for 100 shares of gold-mine stock you believe

    		•
  • Q : Causes of an increment in the price of

    Please help me to solve the problem of price that is given below: A raise within the price of bread would: (i) Reasons more wheat to utilize to bake bread. (ii) Encourage more people to eat bread. (iii) Discourage

    		•
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.