describe how a company would balance the tradeoff between cost and speed when selecting a shipping method

Answer: The opportunity cost is the most desirable trade-off.

Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.

While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.

Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost.  So we can say that they are the most desirable trade-off.

A company would balance the tradeoff between cost and speed when selecting a shipping method through the Opportunity cost.

The trade-off is a term used to describe the courses of action given up in order to perform the preferred course of action. Conversely, the opportunity cost is defined as the cost of opting one course of action and forgoing another opportunity, to undertake that course of action.

Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost.  So we can say that they are the most desirable trade-off.

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George deposited $2,000 in his bank account, which offers 5 percent compound interest
calculated annually. What would be the principal amount available in George's account at
the end of two years?
There would be a principal amount of $
of 2 years.
in George's account at the end
O 2.100
0 2.000
02.005
O 2.205