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What is opportunity cost?. I can define and explain opportunity cost. . wants. Things that people desire, but DON’T have to have in order to live. . needs. Things you HAVE to have in order to live. . o pportunity cost.
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What is opportunity cost? I can define and explain opportunity cost.
wants • Things that people desire, but DON’T have to have in order to live.
needs • Things you HAVE to have in order to live.
opportunity cost • Your opportunity cost is the thing you give up when you make a choice between two different things.
What would you choose? Go to a Red’s game! A trip to the beach!
What would you choose? An Xbox One A brand new treehouse
What would you choose? A pack of Air Heads A Hersey bar!