The opportunity cost in the scenario above is the three lost possibilities, Harry could have undergone but decided to go to his parents house.
- Hid plans to paint his flat that weekend.
- He considered also going fishing for the weekend.
- Hi friend Theo request to the surprise birthday reception for another friend.
<h3>What is the opportunity cost in the scenario?</h3>
“Possibility cost is the importance of the next-best alternative when a determination is made; it's what is given up,” explains Andrea Caceres-Santamaria, senior economic education specialist at the St. Louis Fed, in a current Page One Economics: Money and Overlooked Opportunities
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Compared in size to the other continents of the world (South America, North America, Australia, Antarctica, Asia and Africa), Europe is the second smallest contintent, only Australia is smaller.
It has a size of 10.180.000 km2, while Australia has a size of 8.600.000 km2, Antarctica is 14.000.000 km2 large, South America has a size of 17.840.000 km2, North America 24.709.000 km2, Africa is 30.370.000 km2 large, and Asia is the biggest continent having 44.579.000 km2.
I believe the answer is: <span> early learning experiences and reinforcement history.
According to skinner, the level of aggressiveness that people show is a direct result of the accumulation of their past experience when they tried to get something what they want.
People tend to show higher level of aggressiveness if the people around them constantly cater to their needs and fulfill their wishes without giving them any challenge.</span>