The following is missing for the question to be complete: <em>What is the opportunity cost of eating the home-cooked meal?</em>
Answer: The value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at Burger Joint
Explanation: Opportunity cost is a value that is lost when a particular choice is made, and in doing so, a certain value of money is lost due to the non-choice of another alternative, thereby losing the benefit of the alternative choice. This means that if we have a $ 5 coupon to dine at Burger Joint but don't do it, we're having dinner with the ingredients we have to make a home-cooked meal, we also lose the money needed for home-cooked ingredients and lose the coupon for Burger Joint because it expires today. So the total cost, i.e opportunity cost, is both the value of the Burger Joint coupon and the value of the ingredients for home-made meal, because if we had chosen the alternative of having dinner at Burger Joint, the coupon would not have failed due to expiration today, we would have used it, and not spent money for home-made ingredients.
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The<u> approach</u> principle of decision-making stipulates that a decision-maker's view is usually extreme optimism.
Optimism refers to the term of hope, confidence ,good. Optimism is derived from the Latin word optimus which mean best. Optimist people always keep a good approach towards their activity , they always think that good things will happen to them and those who are related along with them.
How one can be identified as an optimist decision maker , if he or she see beauty in every little things, always be grateful to those persons who were in touch with them , do the esteemed work with full possibility , love people fearlessly and always keep believe on themselves .
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Henry David Thoreau was a philosopher, poet and writer who supported his arguments with analogies, three of the most recognized ones are: the human beings will finish to eat animals just like the tribal groups stopped eat each other at the moment they took another civilizations; As a cloud becoming rain to fertilize the fields, in that way we are able to change our prejudices; Just like the fight in order to end the slavery In America, we have the capacity to defeat the injustice and finally see the other as equal, not matter their color skin or beliefs.