d. Does the opportunity cost of one ATV depend on how many you purchase? Why or why not?
The opportunity cost of one ATV
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depend on how many you purchase because the opportunity cost of one good
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for a straight-line boundary.
Answers
Answer:
don't know.........................
Answer:
Opportunity cost of one ATV does not depend on how many purchases we make.
Explanation:
Opportunity cost is the value of other commodities or services you must forgo in order to get your desired item. The term "cost" as used by economists typically refers to opportunity cost.
Consider the following scenario:
You received a $4,000 fortune unexpectedly and want to utilise it for a vacation. why not If you don't consider the opportunity cost, there is no loss to you because it is found money.
You could end up with a nice $5,397 in 10 years if you decided against the vacation and invested your money in an income-producing asset that earned an average yearly interest rate of 3 percent, compounded monthly.