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.
Answer:
Has an exposure to negligent misrepresentation.
Explanation:
Negligent misrepresentation occurs when a person, in this case the agent in the exercise, has made a statement about something or someone (in this case a property) without having any reason to believe it true. As the name says, negligent misrepresentation; the agent should've noticed a clearly visible and obvious problem (negligence) and then he said it was all ok (misrepresentation).
Answer: Egocentrism
Explanation: A individual can be said to possess adolescent Egocentrism one's such individual begins to develop idea or though that other are paying huge attention to them, usuay in terms of appearance or behavior. It mostly develops in adolescent and at this point such individual finds it difficult to distinguish between what their own perceived thought of others about them and the actual thought of the people. Individual's who exhibit adolescent Egocentrism are usually consumed by perceived thought rather than reality or the actual thought oeolm e have about them. They do feel people are watching and focusing on them at all times because they possess something special.
