Opportunity cost worksheet printable
[PDF File]UNIT 1: Basic Economic Concepts
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might outweigh the additional cost (the opportunity cost). After three hours, the additional benefit from staying an additional half-hour would likely be less than the additional cost. 5 Key Economic Assumptions. 1. Society’s wants are unlimited, but ALL resources
[PDF File]Name: Class: Date Taken: Total Possible Marks: 26 ...
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List three factors that make it hard to assess the opportunity cost of a decision A. Uncertainty - no guarantee that other decisions will prove better B. Timescale - over what period is the opportunity cost being measured? C. Importance of financial v non-financial rewards - which is …
[PDF File]Comparative Advantage (ANS KEY)
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Her opportunity cost of producing the radio is two bushels and she receives three bushels in return for the radio. Because his opportunity cost of producing one bushel is 1/4 radio, Ted's opportunity cost of producing the three bushels, which he trades to Nancy, is 3/4 radio. Thus, the trade gives Ted a net gain of 1/4 radio.
[PDF File]!Choices,!Opportunity!Cost!andBenefits! !With ...
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!Choices,!Opportunity!Cost!andBenefits!!With!TheGreedyTriangle! ThirdandFourthGrade! JaciSullivan! Barton!Open!School!!!!!
[PDF File]Lesson 1: Scarcity and Choice - Social Studies Curriculum
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and identify Sam’s opportunity cost. Students are introduced to an economic decision-making model and graphic organizer. Using the model, students evaluate alternatives to make a choice and identify their opportunity cost. Content Expectations 2 - E1.0.1: Identify the opportunity cost involved in a consumer decision. Integrated GLCEs
[PDF File]What Is My Opportunity Cost? Worksheet - Scholastic
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1.Make a list of some things you bought at the class store today. 2.Circle one item from above,and explain why you chose to buy it. 3.Every time you spend money,you give up something else that you could have bought.
[PDF File]Opportunity Costs Worksheet
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Opportunity Cost Assume that you would engage in all of the following activities. Then consider what else you could be doing with your time or money if you decided not to engage in those activities. Finally, choose your next best option in order to determine the opportunity cost for you for each activity.
[PDF File]Lesson 10: Spending Plan/Budget: Your Financial Road Map
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♦ View the YouTube video Budget and Opportunity Cost and answer debriefing questions ♦ Develop a personal budget using the online High School Student Budget Worksheet web site ♦ Conduct a Web Quest to learn about average American household budgets and the local cost of expenses that are found in household budgets (e.g., rent ...
[PDF File]Answers - William Flint's Webpage
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Worksheet – Opportunity Cost and Comparative Advantage Answers. 1. What is the difference between ... opportunity cost (in terms of forgone production in an alternative commodity) than another individual or country. ... be produced by the lower-cost country. The total output of cars and computers will be higher. 5. Use the law of comparative
[PDF File]Why it Matters: What is the “Real” Cost? Lesson Overview ...
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Why it Matters: What is the “Real” Cost? Lesson Overview . This lesson explores the concept of opportunity cost and, more specifically, in the context of the decision to go to college. Students identify the opportunity cost of some simple and some difficult decisions. Then, they apply their understanding of opportunity cost to the college ...
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