all the possible alternatives that are rejected when a choice is made

Answers

Answer 1

Answer:

source- Whenever a choice is made, something is given up. The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants.

Opportunity cost is –(a) any alternative we sacrifice when we make a decision.

in your own words-  Whenever a alternative is created, one thing is given up. the chance price of a alternative is that the worth of the simplest different given up. deficiency is that the condition of not having the ability to possess all of the products and services one desires.

Opportunity cost is –(a) any different we have a tendency to sacrifice after we build a choice.

Explanation:

the source is where i got the information and the in your own words is it fully rewritten, sorry its a bit lengthy and wordyhope this helps tho have a great day/night/noon! :)

Answer 2

Answer:

Trade Offs

Explanation:


Related Questions

What is the ethical rebound to the thought of Joe Biden's advancements in diplomacy?

Answers

Answer: Diplomatic Rebound

Explanation: Joe Biden's moves as President have effected diplomacy in the United States in a majority of ways; this includes securing ties with foreign representatives around the globe.

What does an increase in productivity mean

Answers

Answer:

greater output from the same amount of input.

Explanation:

From a broader perspective, increased productivity increases the power of an economy through driving economic growth and satisfying more human needs with the same resources.

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