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).

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Below is a drawing of John Gast’s painting American Progress. Annotate the drawing by adding a speech or thought bubble for four

tatyana61 [14]

According to a different source, this is the image that the question refers to.

In this question, we are asked to approach the question of "How justifiable was U.S. expansion in the 1800s?" from the perspective of four elements in the painting. This is an example that can help you guide your work:

The angel: "I carry the telegraph, I carry knowledge, I carry progress. You should be grateful."

The cows: "More expansion means more land, which means more farms and more cows. I think I like that!"

The Native Americans: "Quick! Let's get away before this so-called "progress" reaches us! They will continue to expand and take our land even if they have no right to do so."

The passengers in the train: "Without progress, we would not be in this train. I'm so glad we are expanding! It is necessary if we want technology to keep developing."

Although expansion was supported by a large portion of the population of the United States, not everyone believed that this was a good idea. In fact, the Native Americans, as well as many politicians, believed that expansion was not legitimate, and that it could bring more problems than anticipated.