7. Opportunity Costs exist when (4 points)
O Land, labor, and capital are too expensive
O People make choices about what to buy
O There are only a few sellers in the industry
O People enjoy buying very expensive things

Answers

Answer 1

Answer:

People make choices about what to buy.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of buying a product is the utility (satisfaction) that could be derived in another product using the same amount of money.

For example, if you decide to use your money to buy a Playstation 5, your opportunity cost would be the satisfaction you could have derived if you had invested the same amount of money in buying a bike for easy transportation.

Hence, opportunity costs exist when people make choices about what to buy.


Related Questions

what was the first plan of goverment in north america.what this plan do

Answers

The First National Government: The Articles of Confederation

The Articles of Confederation served as the written document that established the functions of the national government of the United States after it declared independence from Great Britain.

rate mi my bestie and her dog a couple years ago for Halloween shes the bat 1-10 pls

Answers

Answer: 10

_________________

Answer:

9

Explanation:

omg its so adorable Halloween is my favorite holiday

PLEASE HELPPP
Which of the following is an example of how an increase in biodiversity would influence an ecosystem?
A The lower variety of plants it would produce will protect the ecosystem from disease.

An increase in the number of species in the ecosystem would make the ecosystem stronger by increasing its
stability and resistance to outside influences.
Biodiversity doesn't have an influence on an ecosystems health.
An increase in the number of species would decrease ecosystem productivity and survival because of the
competitive relationships.

Answers

Answer:

D

Explanation:

An increase in the number of species would decrease ecosystem productivity and survival because of the

competitive relationships.

An increase in the number of species would decrease ecosystem productivity and survival because of the competitive relationships is an example of how an increase in biodiversity would influence an ecosystem. Hence, option D is correct.

What is competitive relationships?

When two people in a close dynamic (usually friends, love partners, or family members) are continuously competing with one another, such connection is said to be competitive. People in intensely competitive relationships may have developed resentment against their partners, despite the fact that some competition can be lighthearted and amicable.

More broadly, competition can be described as the direct or indirect contact of organisms that results in a change in fitness when the organisms share a resource. Competition is most commonly thought of as the interaction of individuals that compete for a common resource that is in limited supply.

Organisms in ecosystems compete with one another for the resources they require to live, develop, and reproduce. For air, food, shelter, water, and space, animals compete.

Thus, option D is correct.

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Fast PLEASE, I REALLY NEED THIS
The two-party system in the United States means which of the following definitions?
every citizen must join one of two political parties
only two political parties are allowed by law
there are only two major political parties
every citizen must join two political parties

Answers

Hey Damon! Your answer is A. every citizen must join one of two political parties. Hope I helped, have a good day! ^^

____________________________________________________

やあデイモン!あなたの答えはAです。すべての市民は2つの政党のうちの1つに参加しなければなりません。私が助けてくれたことを願っています、良い一日を! ^^

What do you notice about the location of all the battles in Texas?

Answers

Answer:

They are all close to the coast

Explanation:

You can see that the stars are marked as battles meaning that where the stars are there have been battles and they are all along the coastline of Texas.

Describe the continents during the age of dinosaurs. the Triassic Period, about 230 million years ago

Answers

Highly vegetarian with pools of water and plants
The Triassic Period (252-201 million years ago) began after Earth's worst-ever extinction event devastated life.

The Permian-Triassic extinction event, also known as the Great Dying, took place roughly 252 million years ago and was one of the most significant events in the history of our planet. It represents the divide between the Palaeozoic and the Mesozoic Eras.

The cause of the Permian-Triassic extinction event is not fully understood. Various theories have been proposed, such as an unknown asteroid impact, massive volcanic eruptions in what is now Siberia, the release of methane from the depths of the oceans, sea level change, increasing aridity, or a combination of many of these.

By some estimates, it may have taken up to 10 million years for the planet to recover from the devastation caused by the Great Dying.

Based on the map , which of the following best explains the implications of physical geography as the Kurds continue to struggle for an independent state in their ethnic homeland?

Answers

Answer:

Most areas with a Kurdish majority population are landlocked and therefore dependent on good relationships with their neighbors in order to access trade and prosper economically.

Explanation:

WHICH DETAILS APPEARS ON THE FINAL DESIGN OF THE ARKANSAS QUARTER RELEASED IN 2003

Answers

Answer:

The Arkansas state quarter, designed by Dortha Scott of Mount Ida (Montgomery County), was issued in October 2003. The design features a diamond flanked by depictions of rice and a mallard duck with a background of trees and a body of water.

Explanation:

Since I answered ur question can u pls go answer mine?

https://brainly.com/question/21587127

thank u :)

What was King Louis XVI's punishment?
Hanging
Electricution
Firing Squad
Beheading by guillotine
i think it’s hanging?

Answers

Answer:

Beheading by guillotine

Ultimately unwilling to cede his royal power to the Revolutionary government, Louis XVI was found guilty of treason and condemned to death. He was guillotined on January 21, 1793.

Nice guess :) Can I be brainliest?

Which statements are correct about the Delian League?

A. when some city states tried to withdraw, Athens used forced to keep them under control.

B. sparta never joined the league and resented Athens power and treatment of allies?

C. the purpose of the league was to keep Sparta from gaining too much power.

D. The league failed to protect Greece from.the Persians, and the city states conquered.​

Answers

Answer:

C, and D.

Explanation:

I answered the question! Have a great day! :)

What cause-effect/problem-solution language
does the author use to describe/explain the
Philippine American War?

Answers

Explanation:

Causes of the War

In 1898, the United States intervened by defeating Spain in the Philippines and Cuba in the Spanish-American War. Signed on December 10, 1898, the Treaty of Paris ended the Spanish-American War and allowed the United States to purchase the Philippines from Spain for $20 million. hope it helps!

What is the answer

Please please help me

Answers

Answer:

21.H 22.J 23.I 24.G 25.K

Explanation:

Hope that helps

As a composer, Giovanni Gabrielli
was known for his
A. use of dynamics (loudness and softness).
B. his fully orchestrated symphonies.
C. his monotone, uneventful music.

Answers

Answer:

i believe its B

Explanation:

Answer:

The answer is A.

Explanation:

Which of the following is NOT a consumer good?
a. appliances
b. clothing
c. wealth
d. food

Answers

Answer:

Wealth

Explanation:

How is Percy’s Jackson's mom rebellious?

Answers

Sally has "a rebellious streak" and likes to seek out blue food because Smelly Gabe told her once that blue food doesn't exist. So, she makes a point of finding things like blue corn chips and blue candy. She doesn't like to believe that something is not possible when others tell her that it is not possible.

Answer:

she makes blue food cause once Gabe told her there is no such thing.

Explanation:

7. Why did the economy of the South remain primarily agricultural?
a. because of the intense demand for cotton by the northern factories
b. because of the many miles of railroad lines
c. because of the abolitionist movement
d. because of the increase in cities and factories in the South

Answers

Answer:

c

Explanation:

Please help thanks.

Answers

I got is desert hope it helps

Which additional point could be added to the outline above?
Effects of the French
and Indian War on the
British
Increased debt
dramatically
Increased size of the
empire in the Americas
Created bitterness and
contempt toward the
colonists' fighting style
2

Answers

Answer:

The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.

Explanation:


What reputation did Emma as Charles Mayberry have in Louisville?
A A Northern sympathizer
B A good merchant
C Southern sympathizer
D a spy

Answers

Answer:

D. A spy

Explanation:

After the encounter with the Union Cavalry, the Confederate officer that had enlisted her was outraged by her refusal to fight, so he charged her with the intents to kill her, so she then drew her pistol and shot the officer in the head, thus outing her as a Union spy.

Which countries invade France and defeat them? This leads to Louix XVI being put to death

Answers

Answer:

eeeeeeeeeef

Explanation:

fffffffffffeeeeeee

Hindus believe that all of their gods are part of a universal spirit called
a.
Gupta.
c.
Brahman.
b.
Siva.
d.
Vishnu.


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

a

Explanation:

it’s a gupta gupta gupta

F. Scott Fitzgerald's The Great Gatsby deals mostly with which theme?

Answers

There are many themes and commentaries about the 1920’s in America. However, the main theme in particular is the disintegration of the American dream in an era of unprecedented prosperity and material excess.

How did the state government and private industry systematically maintain white dominance in Tulsa ?

Answers

Answer:

The government and private industry worked in concert to bring down land prices and maintain white dominance in the Tulsa area. Poor whites’ resentment of successful, landowning blacks allowed elite whites to use them as pawns to obtain more land, wealth, and prosperity.

Help ASAP please Which of the following is a responsibility reserved for STATE governments?
A
education of residents
B
establishment of post offices
С
regulation of trade with other states
D
creation of immigration policy

Answers

Answer:

I believe the answer is C. The USPS is a government organization.

Answer:

A) education of residents

Explanation:

it is asking for responsibilities of STATE governments while the other options are responsibilities of the federal government

Historians label an event as a turning point when it?

Answers

Answer: Historians label an event as a turning point when it marks the beginning of a distant historical period. A turning point marks the moment at which individuals, groups, nations or states move in a radically different direction.

What does Percy discover about his father?

Answers

his father is one of the olympians. he is a god. percy is half human and half god

Answer:

Is this Harry Potter orrrrrrrr am I reading it wrong ?

Explanation:

I’m not sure

Which phrase best completes this list?
Changes in Women's Lives in the 1800s
Women able to divorce if they prove abuse by husband
Women becoming better educated
More women working outside the home
?
A. Divorced women given no custody rights over their children
B. Increased property rights for women
C. Women earning equal pay for equal work
D. Women forbidden from working in factories
DDITIS

Answers

The correct answer is b, I just got it right on the test

The phrase best completes this list is that

B. Increased property rights for women.

What is property rights?

Property rights serves as the right that a party get after divorce to have the properties to him or herself.

Therefore, option B is correct because after divorce the woman can claim some of the property which is legal under the law.

Learn more about property rights at;

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Which does not describe a way that U.S. civilians contributed to the war effort during World War 2?

Answers

Answer:

is there like a chart or something? if so i need to see it to answer it.

Explanation:

What was Washington plan in returning to Trenston

Answers

Answer:

Explanation:After asking his enlisted men to stay for one last effort, Washington devises a daring plan to stun the British, capture supplies, and reinvigorate American morale. The objective is to ferry his army across the Delaware River on Christmas and strike the Hessian garrison at Trenton

Why was the Double V campaign necessary?

Answers

The Double V campaign was a slogan and drive to promote the fight for democracy in overseas campaigns and at the home front in the United States for African Americans during World War II.

Hope this helps :)
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