The concept of opportunity cost by Danielle Hu https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9 en-us 2024-02-05 05:20:02 UTC 2024-02-06 02:17:38 UTC hello@padlet.com Example: daniellehu24_1 https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2873063722

  • Binging a TV series means forgoing your sleep, study time and lower grades

  • Choosing Economics means forgoing knowledge in Chemistry

    • ]]>     2024-02-05 05:27:08 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2873063722     Example: daniellehu24_1 https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2873064137

  • Spending on expensive new technology means forgoing profits in the short-term

  • A farmer uses more land and resources to grow wheat means forgoing the production of beef

    • ]]>     2024-02-05 05:27:43 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2873064137     Example: daniellehu24_1 https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2873065897

  • Borrowing money to increase spending means forgoing the living standards of future generations who have to pay higher tax

  • Producing more goods and services means forgoing sustainability of the environment, impacting climate change and increasing ecological costs

    • ]]>     2024-02-05 05:29:50 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2873065897     if you choose to devote more money into shopping, you cant use those same resources to go the cinemas https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874284787 2024-02-05 23:48:31 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874284787 Example https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874285772 Business chooses to sell hotdogs forgoing the option of selling burgers

    ]]>     2024-02-05 23:49:39 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874285772     a business that chooses to produce icy poles means forgoing the option to sell ice cream https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874286194 2024-02-05 23:50:10 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874286194 Example https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874286598 If someone chooses to watch youtube, instead of doing exercise, they forgo the chance of being healthier

    ]]>     2024-02-05 23:50:46 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874286598     Example https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287461 Government spends more money on defense , forgoing the option to spend it on healthcare

    ]]>     2024-02-05 23:52:08 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287461     Example https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287515 If a business decides to spend time and money on a volunteer project they forgo the opportunity for extra profit

    ]]>     2024-02-05 23:52:13 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287515     work overtime instead of studying means that there study time goes down and have lower grades https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287523 2024-02-05 23:52:13 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287523 https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287955 if you spend time with your family you cannot spend time with your friends

    ]]>     2024-02-05 23:53:05 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874287955     Example https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874288450 If the government decides focus their money into improving health care, they forgo saving money

    ]]>     2024-02-05 23:53:50 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874288450     dropping out of school instead of staying in school, will forgo your high school diploma and education. https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874408451 2024-02-06 02:17:38 UTC https://padlet.com/daniellehu24_1/jlavgarrq1pd74p9/wish/2874408451