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Marie decides to work all summer rather than going on vacation. She will be able to earn money and learn new skills but will not be able to spend much time with her friends. What is the opportunity
cost in this scenario? going on vacation spending time with friends earning money working all summer
The answer would be: Earning money by working all summer.
Expert answered|tektek10|Points 19|
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Asked 10/10/2013 6:46:58 AM
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Economists state that every decision involves trade-offs. Economists measure and define these trade-offs as: a. productions possibilities curve. c. circular flow of economic activity. b. paradox of value. d. opportunity costs.
Weegy: Economists state that every decision involves trade-offs. Economists measure and define these trade-offs as: d. opportunity costs. User: By the end of the summer, Jason had saved enough money for college from his job as a waiter. He even had some money left over. Although he wanted both, he decided to buy a DVD player rather than a digital camera. Which of the following is the opportunity cost in this scenario? a. the DVD player c. college b. the digital camera d. the job Weegy: The opportunity cost would be b. the digital camera :) User: What is the opportunity cost of a decision? a. the series of alternative decisions that could have been made b. the best possible way the question could have been decided c. the different ways that a different person might have made the decision d. the most desirable alternative given up for the decision Weegy: Opportunity cost of a decision is: D. the most desirable alternative given up for the decision. (More)
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Expert Answered
Asked 10/10/2013 6:59:27 AM
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