Good afternoon, you're in Econopolis! We're going to learn about
opportunity cost today. Opportunity cost is the process of
choosing one good or service over another. The item that you
don't pick is the opportunity cost. Even though you might not
realize it, you use opportunity cost every single day. Here is
an example: I went to Clothes Express and saw a really cool
shirt, then I went to Pants Plaza and saw some cool pants. The
shirt was 10.00 dollars and the pants were 15.00 dollars. In all
that is 25.00 dollars. I only have 20.00 dollars. If I pick the
shirt, then the pants are my opportunity cost. can also be a
choice about what you do during the day. A good example is: My
friends and I have one day off to do anything we want. We've
decided to either go to the movies or shopping. We decided to go
to the movies instead of going shopping. The opportunity cost
was going Now we're going to play a game to see what you have
learned. You have just won $150.00!!!!!! Pick out your prizes
out of the list below. But