opportunity cost describes andy's time
<h3>What is
opportunity cost?</h3>
The opportunity cost of a specific activity option in microeconomic theory is the loss of value or benefit that would be experienced by engaging in that activity, as opposed to engaging in an alternative activity that offers a higher return in value or benefit.
The value of the next best alternative or option is referred to as the opportunity cost. This value may or may not be monetary. Value can also be measured using other criteria such as time or satisfaction. One formula for calculating opportunity costs may be the ratio of what you give up to what you receive.
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Hey You!
Ancient Greek Civilizations' ideas and inventions play a HUGE role in our lives today, and we owe them a lot. The Ancient Greek helped us grasp so many things, like democracy, philosophy, art, sports, architecture, and more!
The main reason was that they were not welcomed in Oregon, and because of this, they settled in the neighbouring Washington instead.
Oregon had a number of exclusion laws, which among others, directly prohibited black people from settling down in the state (one of the laws was written down into the constitution, which was still valid in 1920s).
