radomes.openskiesproject.org
chaelai6Mol
chaelai6Mol chaelai6Mol
  • 13-04-2016
  • Business
Answered

What's a possible opportunity cost when you spend $100 on a pair of sneakers?

Verified Answer :

andriansp andriansp
  • 26-04-2016

opportunity cost : the cost of an alternative that must be forgone in order to pursue a certain action

in this case, let's say that you use that $100  to buy a X-brand of sneakers. meanwhile there's Z-Brand sneakers, another alternative brand with same quality but it only cost $95, but you do not know about it. Which mean, you just loss $5 worth of opportunity cost

Answer Link

Related Questions

What is the meaning of volcanism
will all parallelograms have diagonals that are lines of symmetry
Joseph had a quarter of a cookie Ellen had half of a different cookie the piece Joseph had was larger how would Ellens peace be smaller
Which statement is true which is true Zeus assists the rebels Athena assists Thebes Zeus assists Thebes Ares assists the rebels
what claim does Jefferson make in the first paragraph of the Declaration of Independence and how does he say he will support that claim
Gil aunt cut his birthday cake into 32 equal pieces eighteen pieces were eaten at his birthday partywhat fraction of the cake was left
What is 01 times 30
Which would be the closest synonym for the word advantageous A Affectionate B Unfortunate C Favorable D Unforgettable
If you were writing an essay about a favorite television show describe the strongest and weakest elements of the television program
What is 0000000783 written in scientific notation