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What is opportunity cost? I can define and explain opportunity cost.

Published byDelilah Bridges Modified over 9 years ago

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Presentation on theme: "What is opportunity cost? I can define and explain opportunity cost."— Presentation transcript:

1 What is opportunity cost? I can define and explain opportunity cost.

2 wants Things that people desire, but DON’T have to have in order to live.

3 needs Things you HAVE to have in order to live.

4 opportunity cost Your opportunity cost is the thing you give up when you make a choice between two different things.

5 Let’s read about opportunity cost!

6 What would you choose? Go to a Red’s game! A trip to the beach!

7 What would you choose? An Xbox One A brand new treehouse

8 What would you choose? A pack of Air HeadsA Hersey bar!

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