The Stock Market: Risks & Rewards Lesson Plan: Scarcity, Choice,
and Decisions Activity 1: Planning the Prom Your class has been
engaged in various fund-raising projects during the past several
years, and you now have a total of $9,635 to spend on a big bash
- your last school dance. You may not spend more than this
amount on the dance, but you do not have to spend all of it on
the dance. Any money "left over" can be used for a class
project, designed to help your school or community. You have
decided that there are three categories of expenditures for the
dance. 1) hiring a band, 2) renting a place to hold the dance,
and 3) providing refreshments and decorations. A committee has
provided the following information: Your task now is to decide,
with the other members of your class, which band to hire, where
to hold the dance, and what type of refreshments and decorations
to provide. Your class must select one item from each
expenditure category. In what ways is this problem similar to
economizing problems faced