What is the opportunity cost in this

1 answer:

7 0

The opportunity cost in the scenario above is the three lost possibilities, Harry could have undergone but decided to go to his parents house.

Hid plans to paint his flat that weekend.
He considered also going fishing for the weekend.
Hi friend Theo request to the surprise birthday reception for another friend.

<h3>What is the opportunity cost in the scenario?</h3>

“Possibility cost is the weight of the next-best option when a decision is made; it's what is given up,” describes Andrea Caceres-Santamaria, aging financial education specialist at the St. Louis Fed, in a current Page One Economics: Money and Skipped Opportunities

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