Opportunity cost refers to a value that a person could have have received but which the person gave up in preference for another value. It is also called alternative cost. In the scenario given above, Harry decided that the most important commitments for him are to go over to his parent's house and to attending his friend's birthday party. But eventually, he gave up going to his friend's birthday party and go to his parent's house instead. So the opportunity cost in this scenario is the friend'd birthday party which Harry gave up.
So you mean what check and Blanca does the judicial and the executive branch have of the federal government?
Since there is no options provided, it could be :
- The price of your products compared to your target's level of income
- The Rules and law that exist in your area
- The amount of competitors that exist
- The distribution factors, how easy is it to deliver your product to your targets
Studies show that catholic school students score highest on achievement tests, followed by secular private and public school students.
