Question

measurable value of an alternative use of resources is ?​

Answer 1

Answer:

QUESTION

measurable value of an alternative use of resources is ?

ANSWER

When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.

Answer 2

Answer:

Opportunity Cost.

Explanation:

The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment). A commuter takes the train to work instead of driving.

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