Example of country with opportunity costs
Answers
Answered by
0
1 -Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.
2- At the ice cream parlor, you have to choose between rocky road and strawberry. When you choose rocky road, the opportunity cost is the enjoyment of the strawberry.
3- A player attends baseball training to be a better player instead of taking a vacation. The opportunity cost was the vacation.
4- Jill decides to take the bus to work instead of driving. It takes her 60 minutes to get there on the bus and driving would have been 40, so her opportunity cost is 20 minutes.
5- This semester you can only have one elective and you want both basket-weaving and choir. You choose basket weaving and the opportunity cost is the enjoyment and value you would have received from choir.
6- The opportunity cost of taking a vacation instead of spending the money on a new car is not getting a new car.
7- When the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.
hope this will be helpful for u
plz mark me as brainliest
2- At the ice cream parlor, you have to choose between rocky road and strawberry. When you choose rocky road, the opportunity cost is the enjoyment of the strawberry.
3- A player attends baseball training to be a better player instead of taking a vacation. The opportunity cost was the vacation.
4- Jill decides to take the bus to work instead of driving. It takes her 60 minutes to get there on the bus and driving would have been 40, so her opportunity cost is 20 minutes.
5- This semester you can only have one elective and you want both basket-weaving and choir. You choose basket weaving and the opportunity cost is the enjoyment and value you would have received from choir.
6- The opportunity cost of taking a vacation instead of spending the money on a new car is not getting a new car.
7- When the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.
hope this will be helpful for u
plz mark me as brainliest
Similar questions