Opportunity Cost

Front

What is opportunity cost?

Back

what you give up to make a choice

Front

What is scarcity?

Back

Not having enough resources

Front

What is the opportunity cost of the bakery's decision to make cookies instead of muffins?

Back

muffins

Front

What is the opportunity cost of Emelia's decision to go to Chloe’s house instead of seeing her favorite band?

Back

seeing her favorite band

Front

What is the opportunity cost of Max's decision to study for his spelling test instead of watching his favorite TV program?

Back

watching TV