Shari is trying to decide how she should use her cash birthday gifts. her choices are new clothes, a concert ticket, or donating the money to her favorite charity. shari decides to donate the money. the value given up by not choosing both the clothes and the concert ticket is called a . trade-off? opportunity cost? retail price?

The answer is "trade-off".

A trade-off is a situational choice that includes reducing or losing one quality, amount or property of a set or configuration as an end-result of increases in different viewpoints. In straightforward terms, a tradeoff is the place one thing increments and another must reduction. Tradeoffs originate from confinements of numerous sources, including basic material science - for example, just a specific volume of articles can fit into a given space, so a full holder must expel a few things keeping in mind the end goal to acknowledge any more, and vessels can convey a couple of substantial things or various little things. Tradeoffs likewise usually allude to various arrangements of a solitary thing, for example, the tuning of strings on a guitar to empower diverse notes to be played, and additionally assignment of time and consideration towards various errands.