Business, 25.07.2019 09:00 marbuscis99

When studying finance or economic, the cost of a decision is also known as a(n)

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Answer from: cherryy

opportunity cost 100% positive took the test

Answer from: JsYTTiktok

When studying finance or economic, the cost of a decision is also known as an "opportunity cost".

Opportunity cost is a financial aspects term that alludes to the estimation of what you need to surrender with the end goal to pick something different. More or less, it's an estimation of the street not taken.

The idea behind opportunity cost is that, as an entrepreneur, your assets are constantly constrained. That is, you have a limited measure of time, cash, and skill, so you can't exploit each opportunity that goes along. On the off chance that you pick one, you fundamentally need to abandon others. They are totally unrelated. The estimation of those others is your opportunity cost.

Answer from: Quest

Ibelieve that the answer is d. because that is the only option that is efficient.

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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