Answer:
. the next best alternative that could have been undertaken.
Explanation:
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
Assume that the next best option instead of attending the game is to study for a test. this is the opportunity cost
the price of the ticket is known as the explicit cost. Explicit cost includes the amount expended in carrying out a particular activity
Answer: The relative Price of Hamburger has decreased, so Phillip would be expected to purchase more.
Explanation:
Given that,
Price of Hamburger(H):
Last year = $5 per pound
This year = $8 per pound
Price of trout(T):
Last year = $6 per pound
This year = $9 per pound
Last year's Relative price of Hamburger = 
= 
= 0.833
This year's Relative price of Hamburger = 
= 
= 0.888
The relative Price of Hamburger has decreased, so Phillip would be expected to purchase more.
I believe it's <span>b. grow its manufacturing sector.
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Depository, Contractual And Investment I Think