In economics, the cost of something is _________

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In economics, the cost of something is __________.

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Asked 11/10/2013 3:18:34 PM

Updated 7/22/2016 9:14:31 PM

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Flagged by emdjay23 [7/22/2016 9:14:29 PM]

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User: In economics, the cost of something is __________.

User: A production possibilities frontier will be a straight line if __________.

Question

Asked 11/10/2013 3:18:34 PM

Updated 7/22/2016 9:14:31 PM

3 Answers/Comments

Flagged by emdjay23 [7/22/2016 9:14:29 PM]

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emdjay23

In economics, the cost of something is what you give up to get it.

Added 7/22/2016 9:14:24 PM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [7/23/2016 7:47:57 PM]

emdjay23

A production possibilities frontier will be a straight line if increasing the production of one good by x units entails a constant opportunity cost in terms of the other good.

Added 7/22/2016 9:14:31 PM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [7/23/2016 7:52:26 PM]

bensoo

In economics, the cost of something is is the value of that which is forgone or sacrificed for something else.the cost can also mean the resource used to cater for economic activities.

Added 11/12/2013 3:46:43 AM

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Flagged by emdjay23 [7/22/2016 9:14:26 PM]

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An increase in future value can be caused by an increase in the __________. A. rate of return B. starting value C. annual interest rate and number of compounding periods D. dividends paid E. original amount invested

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Updated 7/12/2016 5:41:27 AM