Opportunity Cost Homework John Smith Period 2 1-13-2012 Date Due: Tuesday, 1/17/2012 Opportunity Cost Homework Decision Opportunity Cost 1. I decided to… 1. I missed out on the opportunity to…. 2. I decided to… 2. I missed out on the opportunity to…. 3. I decided to… 3. I missed out on the opportunity to…. ETC........ 10 total!

Opportunity Cost Homework Identify and explain ten (10), that's TEN! decisions, AND the opportunity cost of each decision. Refer to your textbook and class notes for added help Use the following format: Name, Period, Date Title: Opportunity Cost Homework Two columns titled “Decision” and “Opportunity Cost” For Example: Decision Today I decided to eat in the cafeteria. Opportunity Cost I missed out on the opportunity to eat at Burger King.

DO NOT do the following! DO NOT tell me what you didn’t do! Tell me what you did do with your time or money. Decision Opportunity Cost I did not go to school. I flunked the test. This is a negative decision. Tell me what you did do. The Correct Way I slept in. I missed school.

DO NOT do the following! DO NOT tell me a consequence of your decision! Decision Opportunity Cost I ate at the cafeteria. I got sick to my stomach. This is a consequence not an opportunity cost! The Correct Way I ate at the cafeteria. I missed out on eating at McDonalds.