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ANWSER HURRY, RUNNING OUT OF TIME....

I'LL GIVE YOU 15$ FOR THE ANWSER , IF YOU GIVE ME SOMETHING I CAN COPY AND PASTE...PUT UR CASHAPP IN THE EXPLANATION AREA....

Explain incentives and opportunity cost. Also give an example of both.

Respuesta :

Guineapiglover2

Answer:

Incentives can be either monetary or non-monetary. When opportunity costs change, incentives change, and people's choices and behavior change. Changes in incentives cause people to change their behavior in predictable ways.

Explanation:

i dont want money thx though.

lindsayest
Answer:
Incentives convince you to do something - it’s a reward or punishment that shapes people’s choices. Opportunity costs, in contrast, represent the benefits of one choice over another. If you pick one thing, you can’t pick another. An example of an opportunity cost is choosing to spend your morning exercising over seeing friends. The opportunity cost is the time spent exercising (that time can not go anywhere else). An incentive example can be a bonus for selling a certain number of items while working.

Hope this helps!

Explanation:

lindsayest

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