Question

Pablo's mother gives him the choice of spending $1.25 a day on buying a school lunch or saving this money and packing his own lunch if Pablo taxes so much for 1-month how many dollars will he save​

Answer 1

By saving $1.25 each day instead of buying a school lunch, Pablo can save $37.50 in a month. Understanding the opportunity cost of foregone alternatives can encourage individuals to change their spending behavior for long-term benefits.

Step-by-step explanation:

Understanding Opportunity Costs and Savings

If Pablo decides to save $1.25 a day by not buying a school lunch and instead packing his own, we can calculate the total savings over the course of a typical month. Assuming a standard month has 30 days, Pablo would save $1.25 per day multiplied by 30 days, which amounts to $37.50 in savings for the month.

It is essential to comprehend the concept of opportunity cost, which refers to the next best alternative forgone when making a decision. For instance, if you choose to spend money on a daily work lunch instead of bringing food from home, the amount spent could be used alternatively for significant savings or other rewarding experiences.

The lesson here is to recognize how small daily expenses can add up over time. Individuals may change their behavior when they realize the long-term implications of their spending habits, such as the opportunity cost of everyday decisions.