Question

Directions: Every decision we make has its trade-offs, or alternative choices that are given up in favor of the choices we select. Opportunity cost is the value of that next best alternative that you gave up. Read each scenario below and identify the trade off, and the opportunity cost. You must use the terms trade off and opportunity cost in your responses. 1. You decide to spend $15 at the Cheesecake factory with your friends instead of eating dinner with your family 2. You decide to spend $50 to go to a concert instead of studying for an economics test 3. You decide call out “sick” from work go see the Dodgers play in the playoffs.

Answer 1

Answer:

You spend.15$ at cheese cake