Opportunity Cost

You have a major exam tomorrow, but your friends are planning to play your favorite video game tonight. If you decide to play with them, what is the opportunity cost?

• The fun you would have playing the game

• The time you could have spent studying for the exam

• The sleep you might lose by staying up late

• The experience of playing the game with friends

You have saved $500 and you're deciding between buying a new phone or a laptop. If you choose to buy the phone, what is the opportunity cost?

• The enjoyment of using a new phone

• The $500 spent

• The utility of having a laptop for schoolwork

• The features you miss out on by not having the latest laptop

You're offered a part-time job that pays well, but it conflicts with your soccer practice times. If you choose the job, what is the opportunity cost?

• The money you would earn from the job

• The enjoyment and health benefits of playing soccer

• The experience and skills gained from the job

• The potential to win a soccer championship with your team

You need to decide between buying a car, which involves monthly payments, insurance, and gas, or using public transport. If you choose to buy a car, what is the opportunity cost?

• The convenience of having your own car

• The money saved by using public transport

• The time spent in traffic

• The environmental impact of driving a car

If you decide to spend your weekend studying for an upcoming test instead of going on a trip with your family, what is the opportunity cost?

• The knowledge gained from studying

• The memories made with your family on the trip

• The relaxation from taking a break from studies

• The potential to score higher on the test

Choosing between attending a coding bootcamp or a sports camp during the summer, if you opt for the coding bootcamp, what is the opportunity cost?

• The skills and knowledge gained from the coding bootcamp

• The physical fitness and teamwork skills from the sports camp

• The potential job opportunities from learning coding

• The fun of engaging in sports activities

When deciding whether to save your allowance or spend it on a new video game, if you choose to save it, what is the opportunity cost?

• The interest earned from saving the money

• The enjoyment and entertainment of playing the new game

• The security of having savings

• The opportunity to buy something more expensive later

If you have to choose between taking an extra academic course or joining the school's drama club, and you decide on the academic course, what is the opportunity cost?

• The additional knowledge from the academic course

• The experience and enjoyment of participating in drama

• The potential to improve your GPA

• The opportunity to make new friends in the drama club

When deciding to invest your summer earnings in stocks or to go on a vacation, if you choose to invest in stocks, what is the opportunity cost?

• The potential financial return from the stocks

• The relaxation and experiences from the vacation

• The learning experience from investing

• The memories with friends or family on the vacation

If you're choosing between learning a new language or an instrument and you decide to learn a new language, what is the opportunity cost?

• The cognitive benefits of learning a new language

• The joy and skill of playing an instrument

• The potential to communicate with more people

• The opportunity to perform music