ANSWER: Opportunity Cost is the cost of losing the next best alternative compared to the option that has been chosen. There can be numerous situations of opportunity cost. A situation which is simple yet best is as follows:
David is a doctor who charges $20 from his patients for regular checkup. He knows that weekend evening will be full of patients and he won't have time to rest. There are an average of 15 patients every weekends. So by the simple calculation, David will be earning $300 on a single weekend evening. But due to popular rock concert being organized in the city on a weekend evening, David decides to skip the day and visit the rock concert. The ticket price for the rock concert was $50. So,the opportunity cost for David was $350 because not only David lost the chances of his earning that evening but he also spent $50 on the tickets of the rock concert.
Research and Homework Assignments.
Alexander Hamilton's stance in favor of the creation of a national bank revolved around the idea that this was the only way the United States would be able to repay its war debt, since otherwise it would be left up to the individual states. <span />
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One way in which the idelogy of Japanese pan-Asianism as in the passage differed from the ideologies of other militarized states in the 1930s was that Japanese pan-Asianism talks about the unity and cooperation with Asian people and familiarizing them with other countires while militarized tates only protect themselves.
Explanation:
Not sure if this answer is correct or not, this is just what I put. Also, if you are going to put this answer, pls copy word for word for the brainly community's sake. :)
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