Misty Spends Her Entire Weekly Allowance of $15 on Two

question 1

Essay

Misty spends her entire weekly allowance of $15 on two goods: T-shirts (which cost $10 each) and lipstick (which costs $5). What is the opportunity cost of a T-shirt? If her parents raise her allowance to $20 per week, what happens to the opportunity cost of a T-shirt?

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Definitions:

Robbery

The unlawful taking or attempted taking of personal property by force or threat of force and/or by putting the victim in fear.

Explosive Device

A tool or weapon designed to explode, causing damage or destruction through the rapid release of energy.

Arson

The crime of intentionally setting fire to another’s property.

Intentional Destruction

The deliberate act of destroying or causing damage to property or materials.