How can knowing the opportunity cost of buying a product affect people's economic decisions?
A)
It can lead them to consider the ways in which buying the product supports a flawed
and unjust economic system.
B)
It can show them how to avoid a trade-off and use the same resources to meet two
needs rather than one,
C)
It can force them to recognize how the decision they are about to make compares to all
other possible decisions.
D)
It can help them to prioritize two possible uses of their money and guide them to
choose the best option.

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Explanation:When an option is chosen from alternatives, the opportunity cost is the cost incurred by not enjoying the benefit associated with the best alternative choice. opportunity cost is the return of a forgone option less than the return on your chosen option. It should’ve noted that opportunity cost can guide an individual to more profitable decision making. It involves assessing the relative risk of each option in addition to its potential returns. Every time you make a choice , you’re weighing the opportunity cost of that action. Opportunity cost includes all real cost of making one choice over another choice , including loss of time , energy, and a derived pleasure.

journeyintosoul journeyintosoul · Answer 2 · 2021-02-17T18:11:20+01:00

journeyintosoul journeyintosoul

17-02-2021

Answer:

C

Explanation:

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