Opportunity cost is the cost of an economic choice in terms of what was chosen and what was not chosen, or given up. Check these examples of opportunity costs to understand.
Do you think it is a better use of his time for Jake to go fishing or pick pineapples? Explain your reasoning.
1) Just think: How does this illustration explain opportunity cost? Which would you choose and why? 2} Using elink, find or create 3 examples to explain/understand opportunity cost when making a choice. Rank them from good decision to poor decision and explain your judgement. 3) Share your link in class doc and comment/give feedback on at least 2 other peers. 4) Self-reflection - using the iPad center, video record your selfie reflection on what you learned about making choices and how you might evaluate your decisions.