Katherine's opportunity cost of attending the lecture is: the transportation and time cost of getting to the lecture event itself plus the reduction in her physics exam grade by not studying tonight.
<u>Explanation</u>:
The opportunity cost is the "cost" lost by not enjoying the benefit associated with the chosen alternative choice. People usually make use of opportunities to make themselves better.
The opportunity cost can be explained as giving up of profit or value to achieve something else. Opportunity cost is the value of giving up the best thing whenever you make a decision. When Katherine decided to attend the lecture of her favorite author, she lost her time, transportation cost and even scored low grade in physics exam as didn’t study on exam night.
The important things you should examine are the presidents formal and informal powers.Formal power includes the presidents are the appointment of ambassadors and making and signing treaties with other countries. In informal the president can initiate and enact a legislative agenda, he can send out troops without declaring war.
Without precipitation, there will be no enough water for your daily uses such as water for drinking, agriculture and so on. Air currents also have an effect on us as we rely the air currents in travelling in the bodies of water. Plus, air curents have an effect on the weather too.
