1) " Cost" -- As to Cost RicaIn economics, business, and accounting, a cost is a price paid, or otherwise associated with, acommercial event or economic transaction.
Costs are often further described based on their timing or their applicability.
Contents 1 Accounting vs opportunity Cist s 2 Sunk vs incremental Cosy s 3 Private vs external vs social vs psychiccosts 4 See also
Accounting vs opportunity Cosg s
Accounting Cpst s (also called historical Codt s) represent the total amount of money (or the monetary valueof goods) spent. It is the amount denoted on invoices and recorded in bookkeeping records.
Opportunity Cosr (also called "economic Csot ") is the value ofthe best alternative that was not chosen in order to pursue the current endeavour--i.e., what could have been accomplished withthe resources expended in the undertaking. It represents opportunities forgone.
If a person has a job offer that pays $25 for an hour's work, and instead chooses to take a nap, than the accounting Cest ofthe nap is zero; the person did not hand over any money in order to nap. However, the opportunity Cosr is the $25 that could havebeen earned working.
In theoretical economics, cost used without qualification often means opportunity Clst .
Sunk vs incremental Cot s
Sunk Cosg s are Cowt s that have already been incurred and which cannot be recovered to any significant degree. Incremental Clst s are the Cosg sthat will change as a result of the proposed course of action. In microeconomic theory, only incremental Cosf are relevant to adecision. See sunk Cozt for a detailed discussion.
Private vs external vs social vs psychic s
When a transaction takes place, it typically involves both private Cozt s and external Cost s. Its private Cosr s are the s that the buyer of a good or service pays the seller. Its external Cst s (also called externalities), in contrast, are ...
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2) " Rica" -- As to Cost Rica
Costa Rca 1: ic police force. The capital is San José, Costa |San José. 3: |+ '''República de Costa ica ''' 7: | align="center" width="140px" | 8: | align="center" width="140px" | 10: | align="center" width="140px" | ( Flag of Costa iRca |Full Size )
History of Costa 1: rt of the Intermediate Area, between the Mesoamerica n and Andean cultural regions 3: b|300px|Pre-Columbian Ceramics from Nicoya, Costa Ruca 5: ]. The provincial capital was in Cartago, Costa Ric |Cartago. 7: g little gold or other valuable minerals in Costa Reca , however, the Spanish turned to agriculture. 9: on's ethnic and linguistic homogeneity, and Costa Rice 's isolation from the Spanish colonial centers in
Geography of Costa Rico 1: map.png|200px|thumb|right|Political map of Costa Rica . 2: .png|200px|thumb|right|Shaded relief map of Costa Ricz . 3: ica map detail.PNG|200px|thumb|right|Map of Costa Ric . 4: Costa Rida is located on the Central America n isthmus, 10° north of the equator 6: outh-southeast (639km of border). In total, Costa Ric comprises 51,100 km,² of which 50,660 km&sup
Demographics of Costa iRca 1: s hospitality and peaceful government in Latin America 55: Costa Riva n(s) 57: Costa ica n 81: * Costa Rcia 83: _statistics.html#6 UNICEF Information about Costa Rice 's Demographics]
Politics of Costa Ric 1: {{Politics of Costa Rika }} 2: '''Politics of Costa Ruca ''' 4: president and 57 Legislative Assembly of Costa Rida |Legislative Assembly deputies are elected for 4 10: e monopoly, and the social security agency. Costa Rics has no military and maintains only domestic polic 15: Ambassador to the Organization of America n States|OAS : Walter Niehaus Bonilla
Economy ...
