Question and answer
In economics, the cost of something is __________.
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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Original conversation
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]
New answers
Rating
3
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]
3
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]
0
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
This answer has been flagged as incorrect.
Flagged by emdjay23 [7/22/2016 9:14:26 PM]
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