Here we have two different decisions.<em><u> Opportunity cost</u></em> of buying the CD and not buying the DVD is 1: ($11-$10). And <em><u>opportunity cost</u></em> of buying the CD and not buying the new T-shirt is 4: ($14-10). <em><u>Opportunity cost</u></em> is the difference between the value of the option chosen and the value of the best option not made. If the option I choose gives me a benefit of 10 but there is an alternative option offered by 12, the opportunity cost is 2.
Depends on the country, for example the UK Prime Minister is elected by the public.
Hope this helps.
Answer:
Most of the people living in Colonial America lived and worked on a farm. Although there would eventually be large plantations where the owners became wealthy growing cash crops, life for the average farmer was very hard work. They had to work hard all year long just to survive.
Explanation:
hoiiyaaa
