Here we have two different decisions.<em><u> Opportunity cost</u></em> of buying the CD and not buying the DVD is 1: ($11-$10). And <em><u>opportunity cost</u></em> of buying the CD and not buying the new T-shirt is 4: ($14-10). <em><u>Opportunity cost</u></em> is the difference between the value of the option chosen and the value of the best option not made. If the option I choose gives me a benefit of 10 but there is an alternative option offered by 12, the opportunity cost is 2.
<span>a speech that explains why unemployment has risen
Would be the best example of cause and effect
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The answer is D. Scarcity
The creation of the "Flying Shuttle", the "Spinning Jenny", a water powered loom, and the steam engine.
