Answer:
plz mark me as a brainliest
Answer:
opportunity cost, the elderly woman is alsotaking a cost by not doing nothing as it renounce to doing the walks to obtain safety at home.
Under economics concepts everything has at least one opportunity cost associated with it.
Explanation:
The opportunity cost represent the best alternative we renounce for the given course of action or use of the resources.
In this case not going to walk has the cost walking.
Scarce resources are those resources that have limited availability in combination with greater productive uses. Time is a scarce resource as well as all have limited time in our life. In addition, out of the limited time we have, a significance portion of that time is spent on unproductive tasks such as sleeping, bathing among other tasks. As more and more time is spent on a given activity the opportunity cost of that activity in terms of other activities rises. Opportunity cost in this case is the benefit that a person could have received by involving himself in a given task, but gave up to take up another task.
<span>895 * 0.75 * 1.08 = 724.95$
800 - 724.95 =
75.05$</span>
