Economics - Opportunity Cost

This week for Business Studies we currently learning about opportunity costs. An opportunity cost is having to miss a few choices and picking the choice you want to moreover your other choices. For example, it could be when you have a limited time to do things or choosing what to make for dinner. Another example, you are going to have diner but you have a few options, the options could be Spaghetti, Rice meal and Sushi. You like all of them but you have one option, you have to pick what you mostly like over other options. Let's say you choose Spaghetti but you really wanted to eat Sushi as your second option, this is called opportunity cost. Anything you choose second would be your opportunity cost.

Ok, so we had to make a slideshow or powtoon about the situation we were given. First, we had to solve the situation for Sarah which will be shown in the slideshow. The 4th and 5th slide will be my situation. Have a look and I hope you learned something from this post and have a great day...