4 different types of candy, gum, or crackers, cookies, snacks etc. Practice with Opportunity Cost Analysis. Discussion and application of … Examples: • I have $15.00 to spend. Worksheet opportunity cost and comparative advantage answers. 2. 1. Showing top 8 worksheets in the category - Opportunity Costs. 4.The opportunity cost of moving from f to c is… 3.The opportunity cost of moving from d to b is… 7 Bikes. Cleaning 4/3 This could be used as an exit ticket or homework assignment after a lesson or reading on scarcity and opportunity cost. 1. Activity 1.1 Opportunity cost (AO2, AO3, AO4) This … Answer key is included. Then apply your knowledge to the Guiding Question: How does opportunity cost affect decision making? Synonyms And Antonyms Worksheet With Answers Pdf, Balancing Word Chemical Equations Worksheet, Super Teachers Worksheets Com, Factor Each Completely Worksheet Answers, The Amazing Human Body Worksheet, Square Of Binomial Worksheet, Free Math Worksheets For High School Geometry, Adding And Subtracting Fractions Word Problems Worksheets 5th Grade, Geography Of Ancient Greece Worksheet… Use complete sentences. Sherilyn narker senior economic and financial education specialist federal reserve bank of atlanta this lesson also. What is Hannah’s opportunity cost of cleaning offices in terms of cleaning jail cells? I decide to buy a baseball cap instead of a new DVD. A total of 12 questions are included. This is any point on the production possibilities curve. Students read a … Worksheet – Opportunity Cost and Comparative Advantage Answers. The PPF can be used to calculate the opportunity cost of various production decisions. Materials. The DVD represents the opportunity cost. Some of the worksheets displayed are Why it matters what is the real cost lesson overview, Name class date taken total possible marks 26, What is my opportunity cost work, Activity smartphones and tablet computers, Handouts a and b answer key, Lesson 1 production possibilities and opportunity cost, Opportunity costs … Ppc practice answer key displaying top 8 worksheets found for this concept. Some of the worksheets for this concept are Name class date taken total possible marks 26, What is my opportunity cost work duplicate, What is my opportunity cost work, Why it matters what is the real cost lesson overview, Opportunity costs work, Activity smartphones and tablet computers, Comparative advantage ans key… Apply the concept of opportunity cost to a pro duction possibilities curve. ... B. Displaying top 8 worksheets found for - Opportunity Cost. The focus of the related worksheet is reinforcement to ensure students have understood the key points. • A city government has $20,000 to Opportunity Cost: What you give up when you have to make a choice between two things. time, energy, risk, etc.) International trade and comparative advantage. 1 Opportunity Cost SECTION 2 As You Read Directions: As you read Section 2, answer the questions under each main idea below. Construct production possibilities curves using hypothetical data. For example, given a set of scarce resources, in order to produce additional “butter,” a society has to give up the opportunity to produce some “guns.” 0 Computers. Most students think of "cost" in terms of money so this helps to introduce them to the other costs for decisions (i.e. Opportunity Cost and Opportunity Benefit. Main Idea: A trade-off is the act of giving up one thing for another. Unattainable. What is the difference between ... Base your answer only on the information above and on comparative-advantage considerations. 5.What can you say about point G? It is key that the answers are discussed in class since these concepts are fundamental to any kind of economic reasoning. (1 per student) Handout: Practice with opportunity cost analysis (1 per student) Overhead transparencies or power points slides: Visual 1: Characteristics of Cost. 10 Who makes trade-offs? opportunity cost—choosing to do one thing prevents us from having the opportunity to do another. 4 Computer. I use this as a basic introduction to the concepts of opportunity cost/benefit. Visual 2: Discussion Questions: Choosing a Snack The opportunity cost of moving from a to b is…

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