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

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

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Page 1: What is opportunity cost? I can define and explain opportunity cost

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

Page 2: 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.

Page 3: What is opportunity cost? I can define and explain opportunity cost

needs

•Things you HAVE to have in order to live.

Page 4: What is opportunity cost? I can define and explain opportunity cost

opportunity cost

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

Page 5: What is opportunity cost? I can define and explain opportunity cost

Let’s read about opportunity cost!

Page 6: What is opportunity cost? I can define and explain opportunity cost

What would you choose?

Go to a Red’s game!A trip to the beach!

Page 7: What is opportunity cost? I can define and explain opportunity cost

What would you choose?

An Xbox One

A brand new treehouse

Page 8: What is opportunity cost? I can define and explain opportunity cost

What would you choose?

A pack of Air Heads A Hersey bar!

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