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Ginger attacks Richard and cuts him with a knife. He sues Ginger. The jury awards Richard $50,000 for medical expenses and lost time at work and adds $100,000 to the award because Ginger was so vicious. The $100,000 is called:
Radishes
Edible root vegetables with a peppery flavor, often red, white, purple, or black, used in salads and as a garnish.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision; it represents the benefits missed when choosing one option over another.
Consumer Goods
Items bought by the typical consumer for personal use.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision or choosing to allocate resources in a certain way.
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