Opportunity or alternative costs when marrying lover
Can two ever live as inexpensively as one? What is the opportunity or alternative costs when marrying someone you love?
Expert
Within an economic sense, there two can never live as cheaply as one due to the opportunity costs involved. This costs (i.e., the value of the best alternative surrendered while a choice is made being particular) of marrying someone you love take in not being capable to do what you desire to do while you desire to do this, this is, giving up your freedom, that encompasses several things both emotional and physical. It is true for both partners, obviously.
In words of Adam Smith, The Wealth of Nations had given an explanation of work how: (w) dictatorship is more efficient than democracy. (x) economic processes work in a communistic society. (y) real estate investment is a exact path to
Hello guys I want your advice. Please recommend some views for given problem that when are people of a commodity or service scarce: (1) gain from having this obtainable, (2) Wish more than the amount freely obtainable, (3) Say no to p
I need a good answer on the topic of Economic problems. Please give me your suggestion that illustrations of technological enhancement would not comprise developing new because: (i) Lighter and less costly and stro
Can someone explain/help me with best solution about problem of economic concept of scarcity... By which economic concept of scarcity is explained in a simple fashion: (w) Our natural resources are running out. (x) Particular goods (vintage wines and rare
The production possibilities curve might be shifted outward by: (1) Decreasing unemployment. (2) Reducing the labor force. (3) Limiting the output of capital goods. (4) Raising the amounts or productivity of the resources. Q : Illustrate an example of Efficiency in Bobby Joe Bob owns a hog feed factory within Los Angeles, CA. Oddly adequate, there is not a large market for hog feed within L.A. Bobby Joe Bob moves his operation to a minute, backwards town termed as The Sticks, NC, where a huge market for hog feed awaits him. That
Bobby Joe Bob owns a hog feed factory within Los Angeles, CA. Oddly adequate, there is not a large market for hog feed within L.A. Bobby Joe Bob moves his operation to a minute, backwards town termed as The Sticks, NC, where a huge market for hog feed awaits him. That
Desirable items without opportunity costs are termed as: (i) free goods. (ii) economic goods. (iii) capital goods. (iv) financial goods. (v) gifts of nature. Hey friends please give your view for the problem of opportunity
Unessential complicated theories violate: (w) common sense. (x) the principle of nonsatiety. (y) the laws of demand and supply. (z) Occam's razor. Please gues I really need one good answer from the above options.
To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data. Q : Illustrates a case of Scarcity and Every decision involves opportunity costs due to the fundamental facts which underpin: (i) limits to human reason. (ii) production technology. (iii) limits to human wants. (iv) demand and supply analysis. (v) scarcity. Discover Q & A Leading Solution Library Avail More Than 1435972 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1944846 Asked 3,689 Active Tutors 1435972 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Every decision involves opportunity costs due to the fundamental facts which underpin: (i) limits to human reason. (ii) production technology. (iii) limits to human wants. (iv) demand and supply analysis. (v) scarcity. Discover Q & A Leading Solution Library Avail More Than 1435972 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1944846 Asked 3,689 Active Tutors 1435972 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1944846 Asked
3,689
Active Tutors
1435972
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!