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What represents the value of the second-best alternative that a person gives up when making a choice?
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What action provides the most for making a rational choice?
The action that provides the most help for making a rational choice is engaging in financial planning.
What are the steps of how to multiply a fraction?
1st choice of answer :by doing cross multipliying. or by making your denominator same
When you provide elaboration by making a statement and supporting it with multiple facts statistics and personal experiences you are .?
its not stating alternative solutions i got that wrong :(
What are the application of statistics in decision making?
If a person knows that there is a 70% chance that an antibiotic would work on an infection, this information would drive that choice. If it was 10%, another choice may be looked for.
How do you enter forty five in roman numerals?
To represent forty five in Roman numerals, you would write it as "XLV." The numeral "XL" represents 40, and "V" represents 5, making a total of forty-five.
When making a choice between two things what is the one that you give up called?
In economics, the value of a forgone choice is called an "opportunity cost" because it represents a potential value that is lost, at least initially.There are several adjectives for things not chosen, including alternative, bypassed, forgone, deferred, or unpicked.
What is something you might use to help you make a choice between two seemingly equal alternative?
A decision making grid
When a choice is made what s the consequence of choice that is the alternative forgone?
making choices means sacrificing some alternatives.what i think about the alternatives forgone is the advantages of the second best altenative,time and the demerits of what is chosen.
Why is alternative to alternative to coal?
Biomass can be regrown quickly, making it a good alternative to coal.
What is another alternative of latex whe making prosthetics?
The other alternative for latex whe making prosthetics is gelatin.
What is an alternative material for making paper?
Hemp is a great alternative for making paper. but when you burn it it will make everyone high =P
What flower represents first love?
The flower that often represents first love is the red rose. Red roses are commonly associated with love, passion, and romance, making them a popular choice for expressing feelings of affection and infatuation that come with first love.
What does making a choice at the margin mean?
Making a choice by comparing total benefit to total cost.
An example of an action that is part of making a rational choice?
Doing a cost-benefit analysis is part of making a rational decision.
What are the procedure in making Alternative Methods of Producing Iodized Salt?
Alternative Methods of Producing Iodized Salt
What is an alternative sacrificed when making a decision?
Trade-off
Where can one purchase a new iPod Shuffle?
The best way to purchase an iPod Shuffle is directly at an Apple store of one's choice, making best use of the provided warranty. An alternative would an online store.
