1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Will give brainliest pls help!!
docker41 [41]

Answer:The Israeli Palestinian conflict is the longest running contemporary conflict, still ongoing, to date. The origins of the conflict and its history provide the context necessary to understanding the obstacles to a to a peace agreement between Israel and the Palestinians. The obstacles to a peace agreement are both numerous and complex. Some of the more major obstacles, recent and still current today include: (1) land issues over the West Bank and Gaza strip, (2) status of Jerusalem (3) security concerns, (4) Palestinian refugee problems, and (5) issues over water resources. The purpose of this academic essay is to provide a brief overview of the origins and history of the Israeli Palestinian conflict, placing a primary focus on providing a detailed account of the aforementioned major obstacles to a peace agreement between Israel and the Palestinians.

Explanation:

4 0
3 years ago
Read 2 more answers
Which is most likely to occur when technology advances?
viva [34]

An idiot would tell you that robots would take over the world. I honestly believe we as humans have the ability to make sure we don't go that far.

People, especially most Americans, have a borderline fetish for leisure. If it makes things easy, buy it, buy it, buy it now. Likely, more advancements will be made to make sure people won't have to leave their home via conventional ways to go to work. Basically, we get even more lazy than we already are, all things considered. Not to mention new innovations for war.

Some good can come from this, however. We require an alternative to fossil fuels, so green energy will be a must in the future. Advancements in medicine will thrive, after everyone discovers that there really are cures for almost anything (there's just no money for the doctors in curing the disease, only treating it). A cleaner Earth, a better planet, a better ecosystem.

3 0
3 years ago
NO LINKS PLEASE<br> Why was Suburbia important in the 1950s?
aleksklad [387]

Answer:

During the 1950s and early 1960s many Americans retreated to the suburbs to enjoy the new consumer economy and search for some normalcy and security after the instability of depression and war. But many could not. It was both the limits and opportunities of housing that shaped the contours of postwar American society.

8 0
3 years ago
Read 2 more answers
Explain how agriculture affected slavery in the United States leading up to the civil war
Debora [2.8K]

Answer:

Agriculture production went up with more slaves to do it but without slave it would cost more money to pay people to do it.

Explanation:

4 0
3 years ago
WRITING ACTIVITY
Elena-2011 [213]

yeswdhdejdzwrhrgufdderei

Explanation:

nogwgefthfadddefaegrcf

5 0
3 years ago
Read 2 more answers
Other questions:
  • What duty-based ethical principle does not depend on a person's inclinations, goals, or purposes?
    8·1 answer
  • Who founded the National Association of Colored Women to help African American families and those who were less fortunate?: (a)
    8·2 answers
  • In what kind of essay might a writer consider the advantages and disadvantages of community college versus a four-year universit
    8·1 answer
  • The original goal of pan-Africanism was to
    11·1 answer
  • Why did industrialization lead to an increase in child labor? Select three options.
    6·1 answer
  • Using the curve which letter represents efficiency?
    7·1 answer
  • What Leadership style comes naturally to you? Which ones will you have to
    11·1 answer
  • Who is god talking about when he says 'who is this that darkens counsel by words without knowledge'?
    12·1 answer
  • Can some one help me understand and summarize The Paradise of the Ostrich by Samuel H. Church?
    11·1 answer
  • Is the current state of federalism in the United States what the founding fathers had intended or is it significantly different?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!