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  • Opportunity Cost Examples To Stick On Wall For Unit 1

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    pallavi shinde
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    The document describes four scenarios where individuals are given choices between two or more options. In the first, John chooses to continue working on Saturdays only and stay in school during the week. In the second, Pedro Sanchez chooses to build a new hospital over a new metro line. In the third, Maria chooses a bike over a new phone or jeans for her birthday. In the fourth, the individual chooses to watch Dumbo over The Lion King, Aladdin or Angry Birds 2 at the cinema.

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    Opportunity-cost-examples-to-stick-on-wall-for-Unit-1

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    The document describes four scenarios where individuals are given choices between two or more options. In the first, John chooses to continue working on Saturdays only and stay in school during the week. In the second, Pedro Sanchez chooses to build a new hospital over a new metro line. In the third, Maria chooses a bike over a new phone or jeans for her birthday. In the fourth, the individual chooses to watch Dumbo over The Lion King, Aladdin or Angry Birds 2 at the cinema.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Opportunity Cost Examples To Stick On Wall For Unit 1

    Uploaded by

    pallavi shinde
    The document describes four scenarios where individuals are given choices between two or more options. In the first, John chooses to continue working on Saturdays only and stay in school during the week. In the second, Pedro Sanchez chooses to build a new hospital over a new metro line. In the third, Maria chooses a bike over a new phone or jeans for her birthday. In the fourth, the individual chooses to watch Dumbo over The Lion King, Aladdin or Angry Birds 2 at the cinema.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    John goes to school every day between Monday and Friday.

    He has a part time


    job paying £5 per hour but only works on Saturdays. His boss asks him if he
    wants to work during the week instead of going to school. John decides to stay
    at school and continue working on Saturdays only.

    Pedro Sanchez is given the choice to build a new hospital or a new metro line
    in Madrid and has been budgeted €10,000,000 to finance the project. He
    chooses to build a new hospital.

    It is Maria’s birthday today. Her parents have given her a choice of gifts and it
    is up to her which one she decides to take. Her parents have bought a bike for
    €200, a new phone for €800 and a pair of jeans for €50. She decides to take the
    bike because she already has a phone.

    You want to go to the cinema but are not sure which movie to watch. The
    choices are The Lion King, Aladdin, Angry Birds 2 and Dumbo. You would
    like to see The Lion King but decide to watch Dumbo instead. You are not as
    interested in the other two movies.

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