You received 50 as a birthday grift and choose to spend it on a new wallapaper for your room the opportunity cost of this decision is

The other items you could have purchased with your $50

Explanation:

Opportunity cost represent the loss of potential benefit that occurs when you choose an alternative decision. This concept is usually used by businesses during their budget allocation process in order to find out the best way how to spend their capital.

On the example above, You receive $50 as a birthday gift. That $50 can be used for anything. You can choose to use it to purchase games, clothing, foods, etc. But you decided to spent it on wallpaper. By purchasing the ability you lose the opportunity to buy any of those other things. This loss is what considered as opportunity cost.

assuming that by westerners you mean americans. that they were mean and controlling and abusive to its peasants.

explanation:

several states had passed similar laws, but they were limited to intrastate businesses. the sherman antitrust act was based on the constitutional power of congress to regulate interstate commerce.

you answered my friends question just to get the coins you didn't even give a valid response.