CE.11 Understanding Opportunity Cost (Two-Option Version)

You have $10 to spend for lunch. You can either buy one sandwich or a salad with a drink for $10. If you choose the sandwich, what is the opportunity cost?

• The satisfaction from eating the salad and drink

• The $10

You have a free evening. You can either go to the movies or stay home and study. If you choose to go to the movies, what is the opportunity cost?

• The cost of the movie ticket

• The time you could have spent studying

You need to decide between working part-time for $100 a week or doing an unpaid internship that offers valuable experience. If you choose the internship, what is the opportunity cost?

• The experience gained from the internship

• The $100 you would have earned

You have $500 to either buy a new phone or a concert ticket and save the rest. If you choose the new phone, what is the opportunity cost?

• The enjoyment from the concert and the saved money

• The $500

You can either spend your Saturday working on a project due next week or go hiking with friends. If you choose to go hiking, what is the opportunity cost?

• The fun from hiking

• The progress on the project

You have to choose between studying for an upcoming exam or watching a new movie. If you decide to study, what is the opportunity cost?

• The knowledge gained from studying

• The enjoyment of watching the movie

You can either buy a book or a magazine with your last $15. If you choose the book, what is the opportunity cost?

• The entertainment from the magazine

• The $15

You're deciding between taking a cooking class or a painting class, both costing the same. If you choose the cooking class, what is the opportunity cost?

• The skills from the painting class

• The cost of the class

You have the option to either invest in stocks or save your money in a bank. If you choose to invest in stocks, what is the opportunity cost?

• The potential interest from the bank

• The money invested in stocks

You're choosing between a high-paying job that you don't like and a lower-paying job that you love. If you choose the lower-paying job, what is the opportunity cost?

• The satisfaction from the job you love

• The higher salary