What are opportunity costs.? give an example of an opportunity cost.?

In economics, the opportunity cost is explained by the conflict of choice that an economic agent has in a scenario of scarcity, that is, when one can not have at the same time the objects of choice.  By this concept it is explained that all the agents in the economy make choices that allow the best benefit, in exchange for a lower cost.

With this, the opportunity cost is also known as economic cost, because it is an opportunity that is no longer used.

Opportunity costs can be exemplified for any situation where a company will do something, but will have to give up something else. For example: If a company decides to make a renovation, it will have to stop buying new equipment or machinery for its production line.

the answer is the second one.

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multiple settings

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novels have multiple settings. a setting is a place or surrounding when a main event or event takes place. not everything happens in just one scene or setting. yes, there can be one *main* setting, but there is definitely not just one. b is incorrect. novels do not have limited characters. there are many characters in a novel, depending on how many the writer wishes to add in. c is incorrect. there is not just a single theme. there are many themes. another word for "theme" is the subject. there can be many subjects and topics. once again, there are many, depending on however many the author wishes to add or include. d is incorrect. yes, novels *can* have no solutions, based on what the author would like. but typically, novels have a solution. the solution might be in "book 5", but there is normally still a solution.

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