Opportunity Costs

True or False: Opportunity cost is the value of the next best alternative that must be given up.

True or False: Opportunity cost only applies to financial decisions.

Select all that apply: What are factors that can influence opportunity cost?

What is the opportunity cost of choosing to watch a movie instead of studying for a test?

If you decide to work part-time during college, what is a potential opportunity cost?

What is the opportunity cost of buying new clothes instead of saving money for a vacation?

What is the opportunity cost of spending time playing video games instead of studying for a test?

Sara can either work part-time for $20 an hour or full-time for $30 an hour. If she chooses part-time, what is the opportunity cost per hour in terms of full-time work?

You can either study for your Economics exam or go to a movie with friends. The opportunity cost of going to the movie is a 'C' on your exam. What is the opportunity cost in terms of the movie?

A company can produce either 100 units of Product A or 50 units of Product B. If they choose to make Product A, what is the opportunity cost in terms of Product B?

A company can produce 100 computers or 200 mobile phones. What is the opportunity cost of producing one computer in terms of mobile phones?

An investor can either buy stocks yielding 5% or bonds yielding 3%. What is the opportunity cost of choosing bonds?