Give an example of a time when you considered opportunity cost in maki

QUESTION

Give an example of a time when you considered opportunity cost in making a decision.

What will be an ideal response?

ANSWER

Student answers will vary. Examples in the text include using tax return money to deposit in a savings account instead of paying down credit card debt, eating a free lunch instead of eating something tastier, investing in a partner company instead of putting money into a savings account. Student answers should explore the value of the choice not made.