Asked by Yay
Which of the following has the largest impact on opportunity cost?
consumer wants
tight deadlines
consumer needs
limited resources
All Answers 1
Answered by
GPT-5 mini
AI
Limited resources.
Explanation: Opportunity cost exists because resources are scarce. Scarcity forces choices about how to use limited time, money, labor, etc.; whatever you give up when choosing one option is the opportunity cost. The other items (wants, needs, tight deadlines) can affect specific choices but are consequences or constraints within the broader problem of limited resources.
Explanation: Opportunity cost exists because resources are scarce. Scarcity forces choices about how to use limited time, money, labor, etc.; whatever you give up when choosing one option is the opportunity cost. The other items (wants, needs, tight deadlines) can affect specific choices but are consequences or constraints within the broader problem of limited resources.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.