Question

What is the opportunity cost In this scenarlo?

Harry has been very busy at work for the past two weeks. He has been working weekends too. Finally, he is going to get a weekend off.
Originally, he planned to paint his apartment that weekend. He also considered going fishing for the weekend.
But then his parents called and asked him to come for dinner because Itlhas been a while since they have seen each other.
Later on, his friend Theo informed him about a surprise birthday party for another friend. Theo plans to reserve a room at a restaurant for the
celebration, with the cost to reserve the room spllt between Theo, Harry, and three other friends.
Now Harry Is confused about what he should do over the weekend. He decides that, for him, the most important commitments are going over to
his parent's house and attending his friend's birthday party. In the end, Harry decides to see his parents.
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Answer 1

Answer:The opportunity cost in this scenario is the three lost opportunities Harry experiences by deciding to go to his parents house. The term opportunity cost refers to the loss of potential gain from other alternatives when one alternative is chosen. The potential gain Harry may have lost by choosing to go to his parents for dinner instead could be relaxation while fishing, His house painting being finished, and time spent with his friends at the birthday party. These all can be considers lost opportunity due to choosing an alternate opportunity, that being dinner at his parents.

Step-by-step explanation: