Opportunity cost refers to a particular thing that is given up in order to acquire another thing. Choices have to be made and something has to be given up because resources are scarce. In the question given above, Gretchen gave up buying two jeans, she bought one instead so that she can buy a guitar amplifier. The jeans, which should have cost $50 that she gave up and did not buy is the opportunity cost in this case.
Answer:
In the case of the United States Government, implied powers are powers Congress exercises that the Constitution does not explicitly define, but are necessary and proper to execute the powers.
Explanation:
The answer is "jumping to conclusions".
Jumping to conclusions is a mental term alluding to a correspondence snag where one "judge[s] or decide[s] something without having every one of the actualities; to achieve unjustifiable conclusions". As it were, "the point at which I neglect to recognize what I watched direct from what I have just gathered or assumed". Because it includes settling on choices without having enough data to make sure they are correct, this can offer ascent to terrible or impulsive choices.
The examples are:
<span>-deciding whether a second burger is worth the extra $2
-deciding whether the overtime pay is worth working on your day off
-deciding whether to pay a fine for polluting the local harbor or installing antipollution machinery
In rational behavior, our decision-making process is always based on which decision give the maximum/optimal benefit for use, after deducting all possibilities with a logical approach.
All the actions above represents this very concept of rational behavior.
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Through those excerpt, the writers argue that society should <span>return to a time when personal morality was the guide for professional decisions.
This seems to be important judging by the pace of development in our society that tend to become closer and closer in always being result oriented for professional decisions.</span>
