In this particular scenario, the opportunity cost for Harry are the three activities he did not choose by going to his parent's house. His original plan of painting the apartment is the opportunity cost.
Harry, by deciding to go to his parent's house, missed out on three opportunities.
- An opportunity cost refers to the loss of value, gain, or benefit that could be received from other options when one particular alternative is chosen.
- In microeconomics, the alternative chosen over the other available alternatives yields higher value.
- In this case, Harry missed out on three opportunities to visit his parent.
- For Harry, in this context, visiting his parents was more important hence having higher value and benefit.
- He simultaneously experienced loss of potential benefit and/or gain by not choosing any of the other available alternatives.
Therefore, the opportunity cost for Harry are the three activities he did not choose by going to his parent's house.
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Answer:
C. charge obese people a higher percentage of health care premiums
Explanation:
Obesity is a state of a person of having excess weight and have a large amount of fat in the body. Obese people are over weighted than their normal range when compared to their height.
Obese people are more prone to diseases and health issues. Thus most of the companies as a measure to reduce their health care costs charges the obese employees in their companies with a higher percentage of the premiums of health care. Charging high premiums from the obese employees will help the companies to lower their health care cost which they provide to the employees as an allowance to them.
Hence the correct option is (c).
The Roe v Wade case in 1973 found that a woman's right to have an abortion is protected by the implied constitutional right to privacy.
The situation that is an example of case that is under an appellate jurisdiction is letter D. A person was convicted of a crime, but believes that the law that he violated is unconstitutional.
Appellate jurisdiction is where the supreme court reviews the decision of the lower court. If the supreme court sees that the decision made was wrong, then they have to power to overturn said decision.
Answer:
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