why do economists measure the cost or money price of things when opportunity cost is what we actually are considering when we deciding whether or not to purchase?

Answers

Answer 1

Answer: it is easier for economists to measure "cost" than "opportunity cost"(because people's tastes are different and changeable)

Related Questions

Extreme self-centeredness is referred to as narcissism. Please select the best answer from the choices provideda. True b. False
In what specific ways is the telling of the history of indigenous peoples in the Americas changing?
According to the teachings presented by the Buddha at his first sermon, ___________________________ Question 6 options: Because the individual’s soul is infected with bad karma, it transmigrates until a program of meditation is undertaken and nirvana is achieved. Life is fundamentally characterized by suffering, suffering is caused by a kind of unquenchable thirst, but there is a cure for this, and it is referred to as nirvana. A host of deities control the natural world and the good and bad that befalls the human race, but they can be appeased through rituals. Because they are ritually purer, only the Brahmin priests can attain nirvana in this lifetime.
Early villages could support a growing population mainly because ofa. food surpluses. b. improved education. c. large amounts of available land. d. the availability of jobs other than farming.
When you say "Labor unions can use the power of collective bargaining to negotiate", what will the Labor Unions would do? a. Set fires to factories to get their way. b. Pay new workers not to take their jobs. c.Use numbers to assert their power to strike. d. Ask all workers to work really slowly.

Which of the following statements is TRUE about Japan's economic progress?

Answers

This statement is true about Japan's economic progress :

- Japan's economy grow steadily under Tokugawa Shoguns
- by the end of 19th centuries, japan was the most prosperous Asian country
- Meiji Leaders modernized japan's industry

Hope this helps

The Republic of Zander is a member of the European Union (EU). As an EU member, the Republic of Zander gives cash grants to domestic agricultural producers. Which of the following instruments of trade policy is being used by the government of The Republic of Zander? subsidies domestic producers tariffs

Answers

Answer:. Answer:

subsidies

Explanation:

Whenever a Country offers non refundable cash in the form of grants to promote certain sector of the economy it could be termed as a subsidy.

Since in this scenario, the Republic of Zander gives cash grants to domestic agricultural producers it is in effect subsidizing their cost of production; leading to lower cost of agricultural produce.

Theâ _______ of a discrete random variable represents the mean value of the outcomes.

Answers

Answer:

expected value

Explanation:

The expected value of a discrete random variable represents the mean value of the outcomes.

Answer: Expected value.

Explanation: Variables with countable number of possible values are said to be discrete, when these variables are generated through a randomized patten or system, hence they are called discrete random variable. With the summation of individual probabilities within the variables totalling 1, each variable possessing a weighted probability value. When the probability value of attached to each variable is multiplied by the variable value, then the summation obtained from the sequence is called the Expected value.

A reinforcer is a consequence that ________ a behavior

Answers

Answer:

A reinforcer is a consequence that ____STRENGTHENS____ a behavior

its strengthens the behavior

Early on, Hitler joined the _____.30 Democratic Party
30 Socialist Party
30 Workers' Party
30 Fascist Party

Answers

Early on, Hitler joined the Socialist party. Nazi party is actually shortened for National Socialist German Workers' Party.

Answer:

National Socialist German Worker's Party.

Explanation:

Hitler rose up the ranks in what was now called the National Socialist German Worker's Party.

What were the debates on the treatment of Native Americans and the justifications for subjugating them (and Africans?

Answers

Answer:

The answer is stated below.

Explanation:

The racist ideology was used to rule over the Africans and Native Indians as the color of white skin was believed to superior and therefore their rule over these inferior people was to protect them and make them civilized.

The manifest of destiny is the ideology that made it the destiny of the white settlers to spread the modern civilized culture of democracy to the entire continent.

Other Questions

What is a living will?

Consequences of plagiarism

Dams help people by ???

Why did the movement to regulate and exclude immigrants begin in California?