Microeconomics |
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The concept of opportunity cost can be made more precise by using a production
possibility frontier such as the one shown in Fig. 3.1. Let's see what that curve
tells us. The Best Alternative Forgone The production possibility frontier in Fig.
The concept of opportunity cost can be made more precise by using a production
possibility frontier such as the one shown in Fig. 3.1. Let's see what that curve
tells us. The Best Alternative Forgone The production possibility frontier in Fig.
˹éÒ 218
For example, the opportunity cost of an hour in the classroom is an hour of
swimming if that is the best alternative forgone. Although opportunity cost is a real
alternative forgone, it is convenient, when measuring the costs of firms, to
express ...
For example, the opportunity cost of an hour in the classroom is an hour of
swimming if that is the best alternative forgone. Although opportunity cost is a real
alternative forgone, it is convenient, when measuring the costs of firms, to
express ...
˹éÒ 220
In such cases, the accountant's historical cost and the economist's opportunity
cost are the same. When a production process requires inventories to be held for
a long time, the two measurements differ and possibly in important ways.
Historical ...
In such cases, the accountant's historical cost and the economist's opportunity
cost are the same. When a production process requires inventories to be held for
a long time, the two measurements differ and possibly in important ways.
Historical ...
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| ª×èÍ˹ѧÊ×Í | Microeconomics |
| ¼Ùéáµè§ | Michael Parkin |
| ©ºÑº | 2 |
| ¼Ùé¨Ñ´¾ÔÁ¾ì | Addison-Wesley, 1994 |
| ISBN | 0201500329, 9780201500325 |
| ¤ÇÒÁÂÒÇ | 655 ˹éÒ |
| Êè§ÍÍ¡¡ÒÃÍéÒ§ÍÔ§ | BiBTeX EndNote RefMan |