Opportunity Costs Worksheet
Opportunity Cost
Assume that you would engage in all of the following activities. Then consider what else you could be doing with your time or money if you decided not to engage in those activities. Finally, choose your next best option in order to determine the opportunity cost for you for
each activity. Be sure to fill in the last activity space with an activity of your choice.
Activity Working 8 hours this Saturday
Three alternative possibilities of what you could do with that time/money
The Opportunity Cost (your #1 alternative)
Watching your favorite TV show for 2 hours after school today
Going to college right after high school
Spending $50 on a new pair of jeans
Skipping Economics class
You think of an activity:
................
................
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