How can knowing the opportunity cost help you make a better decision

Answers

Answer 1

Answer:

Explanation:

With the opportunity cost, you will consider the fact that when you make a choice, you have to sacrifice other options. This helps make more economically accurate decisions that maximize your resources.


Related Questions

what is not attribute of economy indication

Answers

Answer:

An economy indication is an economic statistic, such as the unemployment rate, GDP, or the inflation rate, which indicate how well the economy is doing and how well the economy is going to do in the future.

Key takeaways:

An economic indicator is a macroeconomic measurement used by analysts to understand current and future economic activity and opportunity.

The most widely-used economic indicators come from data released by the government and non-profit organizations or universities.

Indicators can be leading—which tend to precede trends, lagging—which confirm trends, or coincident—that which is happening now.

So, think about what isn't important information. What data don't you need? Do you need to know the avg income of the city or state etc.? The population? The percent of female or male? Birthrate? Think about it

I hope this helped

Follow these steps.
1. Circle three details in
the image. Each one
should be a clue about
each of the three
topics above.
2. Near each detail you
circled, write a note
explaining what it
tells about the topic.
3. Draw a line from
each detail to its note.

Answers

The second one is gonna be your answer

Identify and describe three types of competition and give an example of each

Answers

The types of competition in sociology are pure and limited competition, absolute and relative competition, personal and impersonal competition and creative and non-creative competition.

What is competition, and what are some examples?

A rivalry occurs when two or more parties strive for a common goal that cannot be shared: one's gain is the other's loss.

Competition, like cooperation, occurs at the individual, group, and organizational levels. The personal competition includes people competing for affection, a promotion, or public office.

Thus, these are the types of Competition in Sociology.

To learn more about Competition refer:

https://brainly.com/question/26356446

#SPJ1

Who were the Afrikaners in South Africa? white people whose families came from Dutch colonists black people whose families came from Dutch colonists white people whose families were originally from South Africa black people whose families were originally from South Africa

Answers

Hi a because summon Garfield is the best plus learn it your self is the answer

Answer:

white people whose families came from Dutch colonists

Explanation:

afrikaners are a South ethic group descended from 17th century Dutch, German and French settlers to South Africa

In this unit, you studied human personality. One of the things you had to consider is the role human difference plays in the development of personality. However, you also had to consider the role of similarity in determining and theorizing about personality. Now, write a 250-word essay in which you argue whether or not you feel it is more important that researchers focus on individual difference or individual similarity in their study of personality development.

Answers

The purpose of the question is to write an essay that discusses your position on individual similarities and differences in the study of personality development.

How to write an argumentative essay?

It is essential that students build their ideas for or against a particular topic by conducting research in reliable sources, such as books and scientific articles. The search for resolving possible counter-arguments should also be considered.

Therefore, you can base your argument on the theories of leading authors on the subject, such as Freud and Erik Erikson to generate greater acceptance and reliability of your argument.

Find out more about argumentative essay here:

https://brainly.com/question/22740197

1. Define the human rights violation that you have chosen human trafficking​

Answers

Answer:

it is the infringement of the right of a person

Which profession gets paid with tax money?

A) public school teachers
B) bankers
C) lawyers

Answers

Answer:

A.

Explanation:

They are doing a public job for that county.

Answer:

a) public school teachers

Explanation:

public school teachers are paid with tax money because they are 'public servants' and the government pays them to directly serve the community.

The Southern Leadership Conference adopted which policy in the handling of civil rights activism?

Answers

Answer:

Terms in this set (17) (Southern Christian Leadership Conference) Set out to eliminate segregation from American society and to encourage African Americans to register to vote.

Which of the following countries is least likely to hold free and legitimate elections by its citizens, based on this map?

Mexico
Belarus
Tanzania
Columbia

Answers

Belarus is least likely to hold free and legitimate elections by its citizens based on the map.

Belarus is least likely to hold free and legitimate elections by its citizens, based on this map.

What is Belarus?

Eastern European country of Belarus, officially known as the Republic of Belarus, is a landlocked country.

In the northwest, it borders Lithuania and Latvia; in the south, Ukraine; in the west, Poland; and in the east and northeast, Russia.

Belarus is the 20th-most populous and 13th-largest country in Europe, with a population of 9.3 million and an area of 207,600 square kilometers (80,200 square miles).

The entire country is divided into seven administrative regions. Minsk is the nation's capital and largest city.

What is Election?

A formal process of communal decision-making, an election is how a population choose a person or people to hold public office.

Since the 17th century, elections have been the primary method used to carry out representative democracy in modern times.

Elections may be held to fill legislative, occasionally executive, occasionally judicial, and occasionally regional and municipal positions.

Numerous other private and commercial organizations, including clubs, nonprofit organizations, and corporations, also use this procedure.

Hence, option B is correct.

To learn more about Belarus here

https://brainly.com/question/1827448

#SPJ2

Which of the following is not an important use of writing?

A) It allows information to be passed from generation to generation.
B) It allows information to be spread across great distances.
C) It enables people to read literature.
D) It helps people to speak more clearly.

Answers

Answer a bc its not relavant

Answer:

A) It allows information to be passed from generation to generation.

if it is not the second one it could be it

D) It helps people to speak more clearly.

Hope this Helps

How do political candidates get their message
out?

Answers

Answer:

political candidates get their message out through campaigns

please help! I’ll give brainliest!

Answers

Answer:

see below

Explanation:

C

The dictator who led the Soviet Union during the early years of the Cold War was__________.

a: Joseph Stalin
b: Lech Walesa
c: Mikhail Gorbachev
d: Boris Yeltsin

Answers

Answer:

a: Joseph Stalin

Explanation:

why is it important to protect people whose rights have been violated ?

Answers

Answer:

Because the bible says We the People which means us.

Explanation:

Hope it Helps

Why is Mexico a country?

Answers

Answer:

Mexico is a country of southern North America.

Explanation:

Mexico is for Latin Americans and it is very historical

Comparing the costs in time and resources with the benefits is an important step in

implementing a program that has become law
reducing funding from a local or state budget
deciding whether to add a new public official
analyzing the effectiveness of a public policy

Answers

The comparison of costs in time and benefits from the resources is considered an important step in reducing funding by preparing a local or state budget.

What is a budget?

A budget is a forecasted plan of revenues and expenses. There are various types of budgets like master budget, material budget, expenses budget, etc.

Budgeting is the process that helps the government to reduce its spending and minimize costs with the creation of revenues. A budget enables them to identify where to spend more and where to spend less. It also helps in analyzing where to save money. It helps the government to allocate the funds in the right direction which could reduce the funding and increase the revenues.

Therefore, the reduction in funds can be done by having a planned budget which is an important step in comparing costs and having benefits.

Learn more about the budgeting in the related link:

https://brainly.com/question/18803390

#SPJ1

Answer:

Reducing funding from a local or state budget

Explanation:



How did coastal geography influence the growth of eastern African
civilizations?

Answers

Answer:This human movement plays a key role in the cultural landscape of Africa. Geographers are especially interested in migration as it relates to the way goods, services, social and cultural practices, and knowledge are spread throughout the world.

The African continent has a unique place in human history. Widely believed to be the “cradle of humankind,” Africa is the only continent with fossil evidence of human beings (Homo sapiens) and their ancestors through each key stage of their evolution. These include the Australopithecines, our earliest ancestors; Homo habilis, our tool-making ancestors; and Homo erectus, a more robust and advanced relative to Homo habilis that was able to walk upright. Hope this helps

Explanation:

Suppose Robina Bank receives a deposit of $54,589 and the reserve requirement is 6%. Answer the questions using this information. Round your answers to two decimal places.

What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)?
keep on hand: $__________

What is the amount that Robina Bank must have in excess reserves from this initial deposit?
excess reserves: $__________

What is the total change in the M1 money supply from this one deposit?
total change: $__________

Answers

1. Reserve requirement is 6% of $54,589 => $3,275.34

required reserves= initial deposit× reserve requirement

2. Excess reserve = Initial deposit - required reserve

excess reserves=$54,589−$3,275.34=$51,313.66

This is available for providing loans by bank.

3. Money multiplier = 1 / reserve requirement

Change in money supply = Money multiplier x excess reserves

change in M1=(1 / 0.06)×$51,313.66=$855,227.67

So as you can see, the excess reserves of $51,313.66 from one initial deposit of $54,589 generate a total change in the M1 money supply of $855,227.67 after multiple rounds of lending.

Help me practice 2 pleaseeeeeeee

Answers

Answer:

The transactions of the incredibly diseased world war 3.

Explanation:

Can someone please help me with this Question from my LO task grade 12
Steps to RUN a campaign

Answers

Answer:

Define the Victory. It's important that everyone agrees on the core goal or goals of your campaign. ...

Evaluate the Campaign Climate. ...

Chart the Course. ...

Choose Your Influence Strategy. ...

Message for Impact. ...

Manage Your Campaign.

17) Prior to the Industrial Revolution, industry was
A) clustered.
B) concentrated.
C) dispersed.
D) randomly distributed.
E) located in colonies.

Answers

it’s B) Concentrated

HELP MY GRADE IS AN F AND I NEED TO GET IT UP FAST!At the end of an investigation, a student writes, “Plants watered with the boiling water grew little. However, plants watered with warm water grew larger over the same period. Therefore, boiling water decreases plant growth.”

What part of scientific investigation is this?


evidence and logical reasoning

hypothesis and observation

question and experiment

evaluation and critique

Answers

Answer:

B

evidence and logical reasoning

Explanation:

Answer:evidence and logical reasoning

Explanation:

Wind is a renewable energy resource and there are no fuel costs.


T OR F


NO LINKS

Answers

Answer:

I think it's T

because it's a renewable energy resources indeed.

What is society ? why do we need it ?​

Answers

a particular community of people who share the same customs , laws etc

Answer:

Explanation:

Society is the world around us. If we didn't have a society, we'd be all on own and somewhat useless. We need society for living and breathing. You need people to be around. You need people to work for, help you, etc. Society might seem very bad atm, but it will slowly get better.

- brainlist

what are the 4 main structures of the senate?

Answers

I’ll give you all that I know

Censure.
Contested Senate Elections.
Declarations of War.
Expulsion.
Filibusters and Cloture.
Impeachment.
Investigations.
Nominations.

What is the benefit in reaching the absolute advantage in the production of one good?
to produce more units of a good than other countries
• to produce fewer units of a good than other countries
® to produce more units of a good while usina fewer resources
® to produce fewer units of a good while using fewer resources

Answers

® to produce more units of a good while using fewer resources

Why were Jim Crow laws implemented in the South?
A)White southern leaders wanted to provoke a new civil war to form their own country.
B)White southern leaders did not believe in political or social equality for African Americans.
C)White southern leaders believed the laws would promote political unity across the South.
D)White southern leaders thought that the laws were the best way to revive the southern economy.

Answers

Answer:

B

Explanation:

If this helped pls give brainlyest

What was one good thing to come out of the Articles of Confederation?
Select one:

a. The Northwest Ordinance of 1787.

b. The ability to raise and maintain an army.

c. The creation of a Presidency.

d. The creation of a federal court system.

Answers

Answer:

B.) The ability to raise and maintain an army.



The primary advantage that the Articles of Confederation provided was its ability to maintain the independence and sovereignty of each state within the union. The states could use these articles to band together to send ambassadors to other nations overseas, and handle territory issues








Explanation:

Have a great rest of your day
#TheWizzer

mysterious in the world that can't solve.​

Answers

Jack the Ripper terrorized London. A scene from Jack The Ripper, 1959. ...

The Black Dahlia's grisly death captured headlines. ...

The Zodiac Killer taunted police with clues. ...

4 and 5. ...

JonBenet Ramsey was found dead in her family home.

Answer:

Great Pyramid of Giza, Egypt.

Hanging Gardens of Babylon.

Statue of Zeus at Olympia.

Temple of Artemis at Ephesus.

Mausoleum at Halicarnassus.

Colossus of Rhodes.

Lighthouse of Alexandria.

Explanation:

i hope this helped you

Which of the following was permitted by the Articles of Confederation but denied by the United States
Constitution?

Answers

States are denied certain powers under the Articles of Confederation. States may not send ambassadors to foreign countries, receive foreign ambassadors, or make any kind of arrangement, meeting or treaty with any king, prince or state. Not any person or state may accept any gift, including titles of nobility, from a foreign state.

Other Questions
HELPPPP!! Which headline most clearly contains bias?A. Seven Hikers Reported MissingB. Local Rascals Defy Curfew During FluC. Rock County Sheriff: "Be Careful Tonight!"D. City Council to Decide Budget The Whole Person Approach to testing means:a. Sometimes to be prepared sufficiently for a major exam, everything else in your life has to come to a stop.b. It is essential to compartmentalize things in your life so you can be sufficiently prepared for a upcoming major exam.c. Taking care of your health, asking for help when needed and trying to see how everything in your life fits together is a sustainable approach.d. All of the above.e. None of the above. Fill in the blank in the following sentence with the appropriate verb below.pas ces questions!Je neA. comprenonsB. prtendentC. attendD. rponds PLEASE HELP! ILL MARK BARINLIEST AND PUT 5 STARS! ITS DUE IN 5 MINS! What is 4,255 rounded to the nearest THOUSAND? Which of the following is a synonym for the word fatigue? A. acceptanceB. wearinessC. depressionD. nausea The diagram below shows the different phase transitions that occur in matter.Three bars are shown labeled Solid, Liquid, and Gas. They are connected by arrows labeled 1 to 6. Arrow 1 points from liquid to gas; arrow 2 from solid to liquid, arrow 3 from solid to gas, arrow 4 from gas to liquid, arrow 5 from liquid to solid, and arrow 6 from gas to solid.Which arrow would most likely represent the phase change that occurs when silver is poured into a mold and cools to become a solid bar?1345 What would be the correlation coefficient (r) of the following scatter plot?Look at the picture down below to answer the question options:-.15.92-.89.45 The question is provided in the image below. how many types of nouns are there and name them. A 24 volt battery is connected to a circuit with a 4- light bulbs that are connected in series. Resistance of each light bulb is 3 Ohms, a) What will be the current in the circuit Two friends, Bob and Ben, each buy one ticket for a drawing. They can choose six numbers from a total of one hundred numbers (0 - 99) for their ticket. Bob chooses the numbers 1, 2, 3, 4, 5, 6, and Ben chooses the numbers 39, 45, 66, 72, 74, 89. Who has a higher probability of winning the drawing? The kidneys filter approximately 180 L of plasma per day, but only excrete about 1.5 L of urine in that time, regardless of most changes in mean arterial pressure. This is because of __________. Please help me i have part one to this question I told you guys everything you need to know in my last question Ill show u my last question in comments and also 100 POINTS PLEASE HELP AND ILL BRAINLEST Write a response about Christians studying fiction. Do you agree or disagree that Christians should spend time reading and studying secular literature?Write two (2) well-developed paragraphs (57 sentences each) defending your position. Use at least two Bible verses and two quotations from the article to strengthen your argument. mr richey bought 20 organizer books and 20 staplers for students. each stapler costs 3$. mr richey spent in total of 200$ for the organizer books and staplers. what is the cost, in dollars of 1$ organizer book Mr. Smith's Class PerformanceMean = 70ScoresThe statewide results of a standardized math test had a normal distribution and a mean of 70. Mr. Smith's students took the same test and the graph above depicts their results.. What does the mean score of Mr. Smith's class suggest about how well his students are performing relative to the state scores? What does the distribution of scores in Mr. Smith's class suggest about how well his students are performing relative to the state scores?Frequency Devin is taking inventory of office supplies so he knows what he should order. He discovers he has 3 ink cartridges and 6 boxes of paper, but he needs to have 10 ink cartridges and 25 boxes of paper in stock. How many of each does he need to order How can you tell whether you need to go to witness protection. I think a gang has been trying to k!ll me recently Answer: C. It is a general idea about human nature Because the rest doesn't make sense.