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
Answer:
The answer is D the Cotton Gin
Explanation:
Eli Whitney invented and patented the cotton gin in 1794, and it revolutionized the production of cotton as well as the use of factory machinery.
Answer:
The correct answer to the following question will be Option C (Efficiency and fairness).
Explanation:
- In many disciplines across the social sciences, the concept of a trade-off between equality and efficiency and is pervasive. Also, an inaccurate notion of that well-known dilemma is indeed an essential part of politicians and policy-makers discourse.
- Philosophical experiments of the concept have indeed deflated the theoretical unity of most of its iterations, whereas the existing literature attempting to test the empirical relationship between equality and growth showed conflicting results.
- However, the scientific status of the notion of a trade-off between equality and efficiency is a matter of discussion.
Therefore, Option C is the right answer.
Answer:
The best answer is A
Explanation:
Mark seems to be suffering from a long-term mental disorder of a type involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.
People can become good citizens and better serve our community and nation by implementing some positive habits into our everyday routine.
<h3>
What are the daily habits of the person
?</h3>
- daily ritual: Early in the morning, I get up, works in the kitchen with my mother.
- schedule at school: arriving on time and introducing to my students and professors, Studying effectively keeps my school tidy.
- after-school schedule: Assist my neighbour in her business, takes the underprivileged kids' tuition for an hour.
Thus, People can become good citizens and better serve our community
For more details about daily habits of the person, click here:
brainly.com/question/9571421
#SPJ1