Topic: Time cost Tradeoffs
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Answers to Common Questions
What is cost-benefit trade-off?
Desirability of a product or service in terms of the expected benefit relative to the cost; also called cost-benefit analysis. For example, a homeowner might weigh the expense of a lawn care service against the benefit of more leisure time ... Read More »
Source: http://www.answers.com/topic/cost-benefit-trade-off
What is the relationship between Trade-offs and opportunity costs...
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice. Read More »
Source: http://wiki.answers.com/Q/Trade_off_or_opportunity_cost
What is the difference between trade-off and oportunity cost?
trade-off means in exchange of one thing in return of another oportunity cost means the cost of alternative that must be forgone in order to pursue a certain action Read More »
Source: http://wiki.answers.com/Q/What_is_the_difference_between_trade-of...
More Common Questions
Answers to Other Common Questions
opportunity cost are incurred when trade-offs are made
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Source: http://wiki.answers.com/Q/Which_of_the_following_best_describes_t...
Scarcity necessitates trade-offs, & trade-offs result in an oppor...
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Source: http://www.chacha.com/question/what-way-are-trade%26%2345%3Boffs-...
The opportunity cost is the option foregon when an economic trade off (decision between two choices) is made.
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Source: http://uk.answers.yahoo.com/question/index?qid=20080205161732AA1q...
Opportunity cost is defined as the cost of choosing the next best alternative. A trade-off is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect, it doesn't have to be the nex...
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Source: http://answers.yahoo.com/question/index?qid=20100313083703AAI8E9d
They're really the same thing. Every "trade-off" is on the margin. So when you elect to study one less hour for your economics exam, your tradeoff is the marginal benefit you received from whatever you did with that hour against the margina...
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Source: http://answers.yahoo.com/question/index?qid=20110825174927AAULmE5
They're quite similar terms, but there is a difference. A trade-off describes what you sacrifice to get something else. Opportunity cost refers to what you could have done with what was given up. e.g. Somebody skips school to go see a socce...
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Source: http://answers.yahoo.com/question/index?qid=20080906071058AAbApaT
It is a question of trading off the cost of carrying additional inventory and have larger, presumably more expensive, facilities against the advantage of having a broader product line with greater appeal. Both models work. To take two Washi...
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Source: http://answers.yahoo.com/question/index?qid=20080921121827AAH0yu4
