Opportunity Cost

Front

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 the Welch family's decision to build a swimming pool instead of going on a vacation?

Back

vacation

Front

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

Back

seeing her favorite band

Front

Max decides to study for his test instead of watching TV. What is the opportunity cost of his decision?

Back

watching TV

Front

What is the opportunity cost of building a new skate park instead of buying more computers for the public library?

Back

more computers