Answer:
$80 lost for not working
Explanation:
Opportunity cost refers to the sacrificed benefits as a result of preferring on a particular option over another. As people make choices, the forfeit one option in favor of another. Opportunity cost is the missed value of the next best alternative.
For John, he has a choice between working or going to the concert. He has two tickets worth $50. Working would mean her twice her regular income, which is $20 per hour. If he works for four hours, his total earning will be $80. If John chooses to go to the concert, he will miss the opportunity to earn $80. The opportunity cost will be the missed $80 that he would have received from working.
Answer:
performance data
Explanation:
It seems that the question is structured a little off, but based on the information that is provided the answer that would go in the blank area would be performance data. As mentioned in the question performance data provides all the information regarding a single transaction, including the date and type of contact that inquired about the product in question. Which is what is being described in the question as well as answers a) and b) which i believe is part of the initial question and not answer choices.
<span>The financial crisis in Greece is described as
depression rather than recession is because the Greece’s economy had taken a
severe and sustained economic downturn. Greece’s economy has been marked by a
substantial and sustained shortfall of the ability to purchase goods relative
to the amount that could be produced. Depression is a more severe form of recession.
Recession lasts a few months, while depression lasts longer. </span>
