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.
Learn more about opportunity cost here: brainly.com/question/8846809
#SPJ10
Probably A because urban renewal wanted to clear out the slums and creat more opportunities for higher class housing and business
They both believed that it was important to stay productive
Northerners supported tariffs – taxes on imported and exported goods – because tariffs helped them compete with British factories. ... Southerners imported their manufactured goods. Tariffs made imported goods more expensive for southern farmers.
d. they were low on money. That is the answer! I love history