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Making Choices / Opportunity Cost

LEGAL DISCLAIMER TO OTHER EDUCATORS:  All clip art as well as information on this page was painstakingly gathered, researched, and written by me (Matt Foster) over hundreds of hours.    If you are an educator and wish to use this information for your page, please have professional courtesy and contact me via email at mcfoster@polk.k12.ga.us.  (Original texts owned by the author and protected under Title 17, U.S.C.)

This morning, I had to choose which shirt to wear.  I looked at a blue one, and also at a green one.

The one I chose was blue.   The one I gave up--the green one--was my opportunity cost.

Each time you make a decision, whatever you DIDN'T choose is known as your opportunity cost.

 

 

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