Opportunity Cost

What is Opportunity Cost?

• The item you didn't choose

• The item you chose

What is Opportunity Cost?

• What you lose by choosing something else

• Losses from the sale of personal property

• To estimate the price of an item

In your own words: What is Opportunity Cost?

(a)  

Which is a good reason to spend money?

• To purchase the new $300 Jordans

• A new book

• A new PS5

• New toys

Which is the best reason to save money?

• To buy Robux

• To purchase a reliable car

Starting amount: $20

Cost: $8

What is your new total?

• $12

• $13

• $11

• $3

Starting amount: $200

Cost: $34

What is you new total?

• $166

• $234

• $163

• $267