What is the opportunity cost in this scenario? mikael has saved $4,000 for his trip to brazil. he has calculated that his total transportation expenses will be $1,000. the hotel will cost him another $1,500. he will spend about $500 on food. he plans on spending the remaining $1,000 for sightseeing and buying souvenirs. while booking his plane ticket, he realizes that the price has gone up. his total transportation expenses will go up by $200. he realizes that he cannot cancel his hotel reservation. he also doesn’t want to go cheap on food. finally, he decides to give up visiting the popular ouro preto during his stay in brazil.

First of all, let's define the concept of opportunity cost. It involves the amount of money or resources that are given up when choosing one existing option over another.

Therefore, in the presented example, due to the price increase in the transportation expenses, the visit to the Ouro Preto has been the opportunity cost beared.

you should think about the answers you give and expect the same form your questions.

the answer is solomon northrup. he was a free-born african american, abolitionist and professional violinist that was drugged, kidnapped and sold as slave in 1841 and remained in captivity until 1853 where he regained his freedom with the of the then-governor of new york, washington hunt. he wrote and published his memoirs "twelve years a slave" in 1853, and in this text, he tells the story of his escape thru one of louisiana's swamps (the great pacoudrie swamp) in which he ended up covered in green slime from crossing the surface of the dead water.