Ask Question
28 September, 04:03

You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with the lowest

+1
Answers (1)
  1. 28 September, 04:28
    0
    You made the choice with the lowest "Opportunity cost".

    Explanation:

    Opportunity cost in simple terms, can be explained as "You get one by losing the other".

    So why this opportunity cost is necessary? Let us understand.

    This plays a significant role in "Personal finances". This is the effective part to be learnt to make decisions on finance.

    Some of the real life examples are listed below:

    Attending the interview is important than attending an entertainment event Only if you spend time and money you can see a movie

    "Theorie der gesellschaftlichen Wirtschaft" coined the word "opportunity cost".
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with the lowest ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers