https://padlet.com/skhatun3/70g4qwl82cp85yxa After watching the following videos, what are your thoughts on the opportunity cost ? en-us 2020-11-16 19:02:53 UTC 2025-11-06 05:49:58 UTC hello@padlet.com https://padlet.net/icons/png/1f3f5.png skhatun3 https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168221579 3 things I found interesting .... 
2 things I learned ... 
1 question I still have ... 
Write one example of an opportunity cost.]]> 2021-02-05 13:55:46 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168221579 https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168754533 3 things I found interesting:
(1) Profit is not just monetary. (2) Profit is both monetary and psychic;
(3) ...
2 things I learned:
(1) Opportunity cost - every choice has a value.
(2) ...
1 question I still have ]]> 2021-02-05 15:36:40 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168754533 https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168776916 1.Everytime you make a choice there's something value in that choice. 2. The value has 2 parts (Value and benefits). 3 Opportunity cost is about the return of the best option.
2.]]> 2021-02-05 15:40:50 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168776916 https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168785927 1 thing i found interesting is how you can find better opportunties if you think more economically instead of impusivly.
A 2nd thing i found interesting was learning about opportunity costs and how to apply it to real life situations such as business.
A 3rd thing i found interesting was seeing how an opportunity cost is about the return of a best option not being chosen as well as the return of the best option.

1 thing i learned was that a trade off is also reffered to as an opportunity cost.
A 2nd thing i learned was that a trade off involves a sacrifice that must be made to obtain a desired product or experiencce.

1 question i still have is what if you are unsure what is a better opportunity economically? How would opportunity cost apply to this situation?

One example of an opportunity cost is if you have $20 and you are unsure on how to spend it the best way such as buying candy or soda. You want to keep in mind how you will spend that $20 on which item while also benefiting from that $20.]]> 2021-02-05 15:42:26 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168785927 cristiancampos_pantaleon https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168787223 3 things I found interesting was that there is alot to think about when making a financial decision. Another thing I found interesting was that you have to work at what your good at in order to be financially secure. Lastly, I found that having a savings account can help you out a great deal financially.

2 things I learned was that you need to specialize yourself in order to perform your best financially. I also learned that everything that is "free" has a catch with it.

1 question I have is how does the overall economy affect our standing in getting a job.]]> 2021-02-05 15:42:41 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168787223 marlenluna https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168793226 1. One thing I found interesting is how savings account can be very beneficial 
2. ]]> 2021-02-05 15:43:51 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168793226 https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168802704 1)One thing I found interesting was the baker didn’t like being told what to do and opened up his own place and makes double then what he made. 2) another thing I found interesting is that making profit is good. 3) applying to a real life situation

1) is that an Operating costs are the ongoing expenses 
2)also that anything you do always has a value on it.

One question I have have is what are some operating expenses?

An example is - A commuter takes the train to work instead of driving. It takes 70 minutes on the train, while driving takes 40 minutes. The opportunity cost is an hour spent elsewhere each day.


]]> 2021-02-05 15:45:37 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1168802704 https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1169284105 3 Things I found interesting was 
(1) 
(2)
(3)
2 Things I learned was
(1)
(2)
1 Question I still have is 
(1) ]]> 2021-02-05 17:15:13 UTC https://padlet.com/skhatun3/70g4qwl82cp85yxa/wish/1169284105