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VARVARA [1.3K]
3 years ago
10

if you spend $30 on new clothes you are likely to say new clothes cost you $30 but the money you spend is not the real cost of t

he new clothes describe what the real cost opportunity cost would be if you spend $30 on new clothes
Social Studies
1 answer:
julsineya [31]3 years ago
6 0

Answer:

The <em>opportunity cost</em> is a <em>potential gain you lose by choosing one particular alternative over the other</em>. It is the highest benefit of another alternative that you did not choose.  

Let us look at the <u>given example</u>. Say, you earn 10 dollars per hour. It means that you need to work for three hours to be able to buy new clothes for 30$. Meanwhile, you do not enjoy your summer job and would be much happier to spend these three hours hiking with your dog. <u>The joy you have lost</u> by choosing the alternative of earning these 30$ to be able to buy new clothes, is the opportunity cost.

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With increasing incarcerations it is becoming increasingly difficult to find space for inmates. To help reduce crowding, transferring inmates to other facilities may be a viable option. If transfers are not available or if it doesn't help to alleviate the situation, another potential solution is to review inmates with minor crimes such as illegal trade of marijuana or petty theft and release them.

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The Australian flatback sea turtle is a species of sea turtle withinside its own circle of relatives Cheloniidae.

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Thus, the only species that stay in one region which are found in <u>Australia</u><u> </u>are the Flatback sea turtles.

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Equity framework is an expression that all in all depicts the different offices, foundations, and establishments entrusted with controlling or implementing the law, which are coordinated basically around taking care of either respectful or criminal regulation. The legislative reaction to wrongdoing is established in the intergovernmental design of the US Under our type of government, each State and the Central Government has its own law enforcement framework. The law enforcement framework is the organization of government and confidential organizations planned to oversee blamed and sentenced crooks. The law enforcement framework is involved different interrelated points of support, comprising of the scholarly community, policing, administrations, the legal executive, and remedies.

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