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 importance of the next-best alternative when a determination is made; it's what is given up,” explains Andrea Caceres-Santamaria, senior economic education specialist at the St. Louis Fed, in a current Page One Economics: Money and Overlooked Opportunities
D! and iou not is a document recording a debt and informal agreement, though it can be to do something it is not negotiable to be transferred into payment
The case of the extraneous variable is most likely to be determined by the student grade level that is level of the education program that is for the grade level. This refers to all the course level and can be use to trace out the external variable that are not intentionally studied in the test or experiment and tends to affect the other variables.
