43 opportunity cost worksheet high school

Allison Lynch - OPPORTUNITY COST WORKSHEET.doc.pdf 1) You are in a clothing store and like a pair of pants and a T-shirt. You only have enough money for one item of clothing. You decide to buy the pants. What is the opportunity cost? 2) You decide to play baseball this spring instead of working at a part time job in a computer store. Quiz & Worksheet - Opportunity Cost in the Real World | Study.com This printable quiz and worksheet will test your understanding of opportunity cost in real life situations. Topics you'll need to know to pass the quiz include the definition of opportunity costs...

PDF Lesson 1 Production Possibilities and Opportunity Cost HIGH SCHOOL ECONOMICS 3 EDITION © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY3 PrOduCTION POSSIbIlITIES ANd OPPOrTuNITy COST Lesson 1 OBJECTIVES Students will be able to: • Create production possibility frontiers (PPFs) using data from a simulation. • Explain what economists mean by efficiency, using an example from a simulation.

Opportunity cost worksheet high school

PDF Lesson 1: Scarcity and Choice - Social Studies Curriculum and identify Sam's opportunity cost. Students are introduced to an economic decision-making model and graphic organizer. Using the model, students evaluate alternatives to make a choice and identify their opportunity cost. Content Expectations 2 - E1.0.1: Identify the opportunity cost involved in a consumer decision. Integrated GLCEs Opportunity Cost Activity Teaching Resources - Teachers Pay Teachers Start your students off right by building their comprehension of scarcity and opportunity cost with this engaging and multi-faceted activity! Digital and Paper Copies Included!This activity includes:1) This "Scarcity and Opportunity Cost" Activity includes 4 parts. PDF ACTIVITY 1.1 Smartphones and Tablet Computers HIGH SCHOOL ECONOMICS 3 EDITION © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY17 Production Possibilities and oPPortunity cost Lesson 1 Opportunity Cost To an economist, the true cost of anything is more than the monetary price (the "price tag") of the good or service. Economists focus on the true cost as the op- portunity cost.

Opportunity cost worksheet high school. PDF Teacher'sGuide - Warren County Public Schools opportunity cost Analyze how profit, incentive, and competition motivate individuals, households, and businesses Describe the circular flow that shows the interaction between consumers/households, businesses/producers, and markets Analyze how changes in technology, costs, and demand interact in Opportunity Costs Worksheet Teaching Resources | TpT Opportunity Costs Reading Worksheet Packet (SS4E1a) GSE Aligned, NO PREP by Sarah Miller Tech 4 $3.55 PDF Your students will love learning about opportunity costs with this engaging, no prep reading activity! This is perfect for adding literacy to your social studies curriculum because it's academically-aligned for ELA and for social studies. Teacher Printables - FITC - Finance in the Classroom This comprehensive financial literacy and economic education website will help teachers, students, and parents gain extensive access to original lesson plans, student interactives, digital videos, and other resources—all age-appropriate and correlated to the State's curriculum. EconEdLink - Opportunity Cost Ask students to use the compound interest calculator to illustrate another potential opportunity cost of their purchase decision. Consider what might be given up if each month is added up and multiplied by 12 months then by 30 years, and invested in the market assuming the market return is 8%. Group Activity Break students into small groups of 3-5.

Trade Offs and Opportunity Cost - Foundation For Teaching Economics the opportunity cost is the next-best alternative, not all the possibilities because people's values differ, the opportunity cost of the same decision may differ from person to person Ask students to brainstorm a list of the choices they make each morning in coming to school. For each choice, identify the next-best alternative. Opportunity Cost Examples The opportunity cost is the dessert. A business owns its building. If the company moves, the building could be rented to someone else. The opportunity cost of staying there is the amount of rent the company would get. When Tobias graduated high school, he decided to go to college. PDF Opportunity Cost - learn.stocktrak.com Throughout the process students will be encouraged to think about the opportunity cost that comes with each decision. • Write the following on the board: • Eating Oatmeal v Eating Pancakes • Going to the Library v Going to the Movies • Going to College v Getting a Job Econonomics Opportunity Cost Concept, Teaching Lesson Plan, Basics ... Opportunity Cost Worksheet Students should pick one item in each of the three columns to complete. Answers should be placed on a separate sheet of paper. Do you have a recommendation for an enhancement to this economics lesson, or do you have an idea for a new lesson? Then please leave us a suggestion.

Opportunity cost worksheet 2013 - SlideShare Opportunity cost worksheet 2013 1. Name_____ Economics: Practice With Opportunity Cost 1. Consider 5 of your recent decisions. What was your opportunity cost for each choice and why did you choose the way you did? 2. Consider 1 future decision. What is your opportunity cost of that choice. 3. PDF UNIT 1: Basic Economic Concepts - Conejo Valley Unified School District 4.The opportunity cost of moving from f to c is… 3.The opportunity cost of moving from d to b is… 7 Bikes. 4 Computer. 0 Computers. 5.What can you say about point G? Unattainable. 1. The opportunity cost of moving from a to b is… PDF Opportunity Cost Lesson Plan (1) - Personal Finance Lab Have students complete this worksheet that asks them to plan a dinner party with a budget of only $50. Students must assess the opportunity cost when it comes to selecting guests and a menu. They will then research online the cost of the dishes they selected to see if they remain on budget or go over. PDF Opportunity Costs: What is My Best Alternative? Provide the class (or individual groups) with a copy of Worksheet 1, detailing average income by varying levels of educational attainment. Have the groups work through the problems, thinking about the opportunity cost of enrolling in a four-year college. Closing (1-5 mins) The key take-away from this lesson is that we always have multiple choices.

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Quiz & Worksheet - Calculating Opportunity Cost | Study.com Instructions: Choose an answer and hit 'next'. You will receive your score and answers at the end. question 1 of 3 With the same amount of resources, Country A can produce 25 tons of chicken or 50...

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PDF Opportunity Costs Worksheet - Thompson School District R2-J Opportunity Costs Worksheet Opportunity Cost Assume that you would engage in all of the following activities. Then consider what else you could be doing with your time or money if you decided not to engage in those activities. Finally, choose your next best option in order to determine the opportunity cost for you for each activity.

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Activity: Opportunity Cost - an introductory lesson Opportunity cost is what you give up (the benefits of the next best alternative) when you make a choice. Another way to look at it is that the benefit of making a choice becomes the opportunity cost of not making the choice. Note: Students will try to bring consequences into the discussion.

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PDF ACtivity 26.1 Who Should Do What? - High School Economics 2. The opportunity cost of producing 6 pizzas for Tony is _____ salads. The opportunity cost of producing 1 pizza is _____ salads. 3. The opportunity cost of preparing 36 salads for Nino is _____ pizzas. The opportunity cost of preparing 1 salad is _____ pizzas. 4. The opportunity cost of preparing 12 salads for Tony is _____ pizzas.

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OPPORTUNITY COST WORKSHEET_DL.doc - Opportunity Cost Work Sheet ... This class is designed to make you more CONSCIOUS of your decision making process and the resulting opportunity costs and benefits. Cost/Benefit Analysis Examples: 1) You are in a clothing store and like a pair of pants and a T-shirt. You only have enough money for one item of clothing. You decide to buy the pants. What is the opportunity cost?

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DOC Opportunity cost activity - fte.org Tell participants we are going to build on the common experience of choosing a snack to work with the concept of opportunity cost. Review: (See overhead transparency.) Costs are to people. All costs are costs to the decision-maker. Costs are subjective; individuals value costs differently.

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PDF Worksheet 1: The Cost of College - Knowledge@Wharton High School This worksheet will look at the opportunity costsof earning a four-year bachelor's degree based on data from the U.S. Bureau of Labor Statistics. This graph shows the median weekly income for people with different levels of education. Based on this graph, answer the following questions: 1. Emily has a bachelor's degree.

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