Opportunity Costs and Trade-Offs
Identify the opportunity cost in each situation.
In the lunchroom, you decide to eat a hamburger.
You decide to run track after school.
You have a $20 Best Buy gift card and decide to buy headphones.
You have $10 and decide to go see a movie Friday night.
You decide to ask Liza to homecoming.
You get a Coke to drink on a hot day.
Identify what the trade-off is for each decision.
You have $5 at McDonalds, what is the trade off for every McDouble that you get?
It is 10:00 p.m. You need to wake up at 6 a.m. for school. You can either play video games of sleep.
What is the trade-off for every hour you play video games?
It is 6 a.m. and you decide to sleep in. You now have time to either take a shower or eat breakfast, but
not both. If you decide to shower, what is the trade off?
You have 8 classes and want to take one more without dropping any. What is the trade off if you add
another class?