1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eddi Din [679]
2 years ago
12

What is the opportunity cost in this scenario​

Social Studies
1 answer:
ch4aika [34]2 years ago
6 0

In this particular scenario, the opportunity cost for Harry are the three activities he did not choose by going to his parent's house. His original plan of painting the apartment is the opportunity cost.

Harry, by deciding to go to his parent's house, missed out on three opportunities.

  • An opportunity cost refers to the loss of value, gain, or benefit that could be received from other options when one particular alternative is chosen.
  • In microeconomics, the alternative chosen over the other available alternatives yields higher value.
  • In this case, Harry missed out on three opportunities to visit his parent.
  • For Harry, in this context, visiting his parents was more important hence having higher value and benefit.
  • He simultaneously experienced loss of potential benefit and/or gain by not choosing any of the other available alternatives.

Therefore, the opportunity cost for Harry are the three activities he did not choose by going to his parent's house.

Learn more about opportunity cost here: brainly.com/question/8846809

#SPJ10

You might be interested in
The passage below is from the U.S. Supreme Court decision In re Gault (1967). From the inception of the juvenile court system, w
Ann [662]

Answer:

B. States must provide minors accused of crimes with most of the same "due process" rights given to adults.

Explanation:

The passage below is from the U.S. Supreme Court decision In re Gault (1967). From the inception of the juvenile court system, wide differences have been tolerated... between the procedural rights accorded to adults and those of juveniles. In practically all jurisdictions, there are rights granted to adults, which are withheld from juveniles.. [H]istory has again demonstrated that unbridled discretion, however benevolently motivated, is frequently a poor substitute for principle and procedure... Which conclusion did the Court draw from this reasoning? In re Gault was a case where parents believed their child was denied due process. The court ruled that states must reform their procedures of juvenile justice in order words,States must provide minors accused of crimes with most of the same "due process" rights given to adults.

7 0
3 years ago
Read 2 more answers
What did Gandhi believe was the way to a better future?
allochka39001 [22]
Through peaceful talks and non-violent demonstrations.
7 0
4 years ago
Karen is a strong swimmer. one afternoon she is having a picnic at a lake and sees a man she does not know drowning. generally,
Ronch [10]
The correct answer is:  [D]:  "<span>has no legal duty to rescue the man."
________________________________________________________</span>
8 0
4 years ago
What are the six tribes of the Iroquois League?
Dima020 [189]
<span><span>Cayuga </span><span>Mohawk </span><span>Oneida </span><span>Onondaga </span><span>Seneca </span><span>Tuscarora I think thats correct</span></span>
6 0
3 years ago
Read 2 more answers
Describe what happened to the Muslim goverment of Spain in the early 1000's​
Aleks04 [339]

Answer:

What happened the Muslim majority of Spain?

between 1609 and 1614, on Royal orders, almost all the formerly Muslim population of Spain, know as the Moriscos, was expelled from the country. the deportation involved several hundred thousand people and, in that sense, dwarfed the much better-know edict to expel Spanish Jews, which was drawn up in 1492

Explanation:

6 0
3 years ago
Other questions:
  • The above charts show the exchange rates between the US dollar and two other currencies in 2008. During the months shown, the nu
    14·2 answers
  • Jean-Martin Charcot and Pierre Janet were interested in a condition that results in the temporary loss of motor control or cogni
    6·1 answer
  • The case of a young girl named Genie is the most carefully documented and well-studied instance of what happens to a child who d
    9·1 answer
  • Which term describes a unique landform?<br> sound<br> glacier<br> isthmus<br> or fault
    14·2 answers
  • Patrick is in his early forties. He is planning his budget. What might be his objective for setting a long-term budget?
    11·2 answers
  • Is there an association between level of happiness and the risk of heart disease? Researchers studied 1739 people over a 10 year
    8·1 answer
  • Victor holds doors open for attractive female classmates because they usually smile when he does so. Victor's behavior is mainta
    11·1 answer
  • _________is the judicial philosophy that argues the Court should go beyond the words of the Constitution or a statue to consider
    11·1 answer
  • 1.
    6·1 answer
  • Pls help I’ll brainlest ASAP
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!