Due to limits on our time, money and effort we are best we are best off when we

Question

Due to limits on our time, money and effort we are best we are best off when we allocate those things
A- according to shat society as a whole wants B- with the objective of maximizing effort C - by constantly assessing the opportunity costs of our choices D- none of the above
Which one?
Due to limits on our time, money and effort we are best we are best off when we allocate those things
A- according to shat society as a whole wants B- with the objective of maximizing effort C - by constantly assessing the opportunity costs of our choices D- none of the above
Which one?

A- according to shat society as a whole wants B- with the objective of maximizing effort C - by constantly assessing the opportunity costs of our choices D- none of the above
Which one?

Explanation / Answer

Solution: by constantly assessing the opportunity costs of our choices

Explanation: Opportunity cost is the loss of other alternatives when one alternative is chosen; and choices is trading off the expected value of one opportunity against the expected value of the best available alternative.

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