What is the opportunity cost in this scenario?

2 answers:

5 0

The opportunity cost in this scenario is the three lost opportunities Harry experiences by deciding to go to his parents house. The term opportunity cost refers to the loss of potential gain from other alternatives when one alternative is chosen. The potential gain Harry may have lost by choosing to go to his parents for dinner instead could be relaxation while fishing, His house painting being finished, and time spent with his friends at the birthday party. These all can be considers lost opportunity due to choosing an alternate opportunity, that being dinner at his parents.

vlada-n [284]3 years ago

5 0

Opportunity cost refers to a lost opportunity when an individual picks an alternate option. In this example, Harry gives up the chance to go fishing in order to see his parents. When dealing with opportunity costs, you must remember that a person's decision to do something (like going to see their parents) results in them missing out on something else (like going fishing).

You might be interested in

Challenges to Greek farmers

Yuki888 [10]

The reason farming was so difficult in Greece was because, there was a limited amount of good soil and cropland.

8 0

3 years ago

Which european countries held land in north america in 1750?

Ne4ueva [31]

Britain, France, Spain, Netherlands, Denmark and Russia.

6 0

3 years ago

What is a example of civilization?

TiliK225 [7]

"A civilization is a complex human society, usually made up of different cities, with certain characteristics of cultural and technological development. In many parts of the world, early civilizations formed when people began coming together in urban settlements."

Examples of civilizations:

Egyptians

Mesopotamians

Chinese

People of the Indus Valley

The Maya

Hope this helps! Good luck!

4 0

3 years ago

Fear of another attack caused tension to build on the West Coast. How did Boeing prepare for the possibility of an attack on the

larisa86 [58]

In order to protect their plant from attacks on the West Coast, Boeing C) created a mock residential neighborhood on the roof of the production plant.

Boeing:

Was very instrumental during the second World War as they built tens of thousands of planes for the war
Had a key production plant on the West Coast

Because they were worried this plant might be attacked, they built a fake neighborhood over the plant so that enemy planes would mistake them for civilian targets and show more restraint.

In conclusion, Boeing built a fake neighborhood as camouflage.

Find out more on Boeing at brainly.com/question/9189349.

3 0

2 years ago

Two things that every professional PowerPoint presentation should have

serg [7]

Good organization, flawless transitions

6 0

3 years ago

Read 2 more answers