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  • All of the following are steps in Derivative classification EXCEPT

A. Consumer wants

B. Tight deadlines

C. Consumer needs

D. Scarce resources

Answer:- D. Scarce resources

Opportunity cost is giving up something in order to do something else. In other words, it is represents the worth of the alternative route. Just Because scarce resources tend to force businesses to make specific decisions that result in opportunity cost, scarce resources have the most influence on opportunity cost. When resources are few, businesses frequently take other opportunity costs into account. A business that produces soft drinks is an excellent example. When metal is scarce, they could produce more plastic and glass jars rather than aluminum tins.

Jan 19 2023 12:10 PM Daniel James

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