Opportunity Cost

Front

What is opportunity cost?

Back

the value of the next best option that is not selected when a choice is made.

Front

What is Michael's opportunity cost when he chooses to go fishing with his friend instead of attending a concert?

Back

going to a concert

Front

What is the opportunity cost for Andrea's daughter who decides to go to the beach instead of the mountains?

Back

a trip to the mountains

Front

What is Jason's opportunity cost when he chooses to ride 4-wheelers with his son instead of working overtime for his boss?

Back

work overtime for his boss

Front

Ashton tried out for cheerleading and made the varsity team. She can choose to cheer for football or basketball. She chooses to cheer for football, what is her opportunity cost?

Back

to cheer for basketball

Front

What is Aiken's opportunity cost if he chooses to ride SeeNo instead of Frappe at the horse show?

Back

ride Frappe in the lope class and trail class

Front

Lydia brought a salad for lunch today. Michelle is ordering pizza and asks Lydia if she would like to order. Lydia decides to eat her salad, what is her opportunity cost?

Back

pizza

Front

Jaleigh is going shopping with her Aunt and has $20. She wants to buy a pair of jeans and a shirt. The jeans are $15 and the shirt is $20. Jaleigh decides to buy the jeans, what is her opportunity cost?

Back

shirt

Front

Kason goes to the store to get a snack. He wants chips and a drink but he only has $2.00. The chips are $1.00 and the drink is $1.50 so he doesn't have enough to buy both. He buys the drink, what is his opportunity cost?

Back

chips

Front

What is the opportunity cost for Josh if he chooses the PS4 over the beats headphones?

Back

beats headphones