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Opportunity cost: what the choice really costs — Homework

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Opportunity cost: what the choice really costs — Homework

Opportunity cost. Always name the single next-best alternative.

  1. 1.Define opportunity cost in one sentence.
  2. 2.You spend Saturday at a $70 shift instead of a free hike. Opportunity cost?
  3. 3.College costs $28k/yr tuition. What big cost does that number leave out?
  4. 4.Why "next-best alternative" and not "everything you didn't do"?
  5. 5.Describe a real decision you made this week in opportunity-cost terms.
🌲 Homeschool for the FutureTwelfth Grade · History · week 20 homework