Determine the opportunity cost while buying something new

While people buy something, then its opportunity cost is the: (w) monetary price they paid. (x) enjoyment they get by their purchase. (y) satisfaction they lost by not buying something else. (z) time they should work to pay their bills.

Hello guys I want your advice. Please recommend some advice for above economics problem of Opportunity Costs.

View Complete Question

Related Questions in Public Economics

Q : In fundamental economic each society

I need a good answer on the topic of existence in society economically. Please give me your suggestion that The fundamental economic questions that each society should address contain: (i) what, how, and for whom,

Q : Explain about the capital goods Capital

Capital goods are: (w) machines, equipment, buildings, and other enhancements to natural resources. (x) goods which indirectly contribute to human satisfaction. (y) resources which have been changed for use in the production of other goods. (z) All of

Q : Least stable probability of market

Market prices are probable to be the least stable where: (1) production technology is dormant for lengthy periods. (2) number of consumption substitutes is large. (3) variables finding demand and supply change often. (4) demand and supply curves both

Q : Define problem of restricted resources

Alex wants a limitless supply of ice cream, flip-flops and candy bars. However, restricted resources and the time needed to produce these staples leaves Alex facing a problem termed as: (i) scarcity. (ii) disappointment. (iii) insufficiency. (v) inadequacy. (v) hunger. Hello guys I want y

Q : Illustrations of economic bads included

How can determine where would be illustrations of economic “bads” included. Please suggest me the accurate answer: (i) loud stereo systems,. (ii) beautiful sunsets caused through high levels of air pollution, (iii) golf courses built upon abandoned garbage

Q : Function to organizing productive

Can someone explain me with best solution regarding problem of organizing productive resource and innovating new products... Organizing another productive resource, innovating new products and production methods, and willingness to

Q : Entry-exit of competitive firms in long

When a typical firm in a perfectly competitive industry is earning profits, in that case: w) all firms will carry on earning profits. x) new firms will enter into the long run causing market supply to reduce, market price to rise and

Q : Illustrate an economics problem of

Assume that Michael Jordan purchases the New Jersey Nets basketball franchise and, expecting an explosion of sales at his car dealerships, he instructs two hundred new extra Toyotas. By an economic perspective, his buy of the Nets franchise is: (w) smart marketing str

Q : When recently develope theory least

Recently developed theory is least probable to evolve in common sense when this fails to: (i) conform to the principle of Occam’s razor. (ii) be consistent along with extensively-accepted previous theories. (iii) have realistic assumptions. (iv) accurately descr

Q : Example of Relative Price Suppose a

Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda.

Discover Q & A

Leading Solution Library

Avail More Than 1439914 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1945861
Asked

3,689

Active Tutors

1439914

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment