The opportunity cost in this scenario is Mikael's decision to forgo seeing Ouro Preto during his stay in Brazil.
Opportunity cost refers to the decision making process people use in terms of how they spend their time, resources, or money. This term refers to the loss that a person suffers by picking a certain option. In this case, Mikael does not want to cut his food budget. Instead, he picks to skip visiting Ouro Preto. So this represents how Mikael is losing out on seeing this site in order to eat the foods he wants while on vacation.
The causes of the decline of the Old Kingdom include:
- gradual decrease in wealth due to large building projects.
- increasing desire for power among the pharaoh’s appointed government leaders.
- economic crisis brought on by famine.
<h3>Why did the Old Kingdom go into decline?</h3>
The OLD kingdom kept building lavish projects which ate into the nation's treasury and led to a decrease in wealth. This came at the time of a famine which reduced government revenue and led to an economic crisis.
The Pharoah's leaders were also becoming more corrupt as a result of them wanting more power for themselves.
Find out more on the Old Kingdom at brainly.com/question/20840961.
#SPJ1
Christian missionaries, such as Palladius and Saint Patrick spread Christianity throughout Ireland
Hope that helps!
:D®
The answer to this is A
This time I'm 65/35