Choice and its opportunity cost
Answers are for parents and teachers.
1
You have one month of summer holiday. Write three ways to spend it, choose one and state the opportunity cost of your choice.
Sample: visiting the village, an English course, helping parents in their shop. If I choose the course, the opportunity cost is my second favourite option, e.g. visiting the village.
2
A gardener wants to buy flower seedlings (4 000 so‘m each) with 8 000 000 so‘m. How many seedlings can he buy if he spends it all?
2000
3
A seamstress can sew 12 shirts or 36 scarves in a day. What is the opportunity cost of one shirt in scarves?
3
4
Give one example of a compromise choice from your family's life.
For example, part of the salary goes to food, part to utility bills, and part to savings.
5
Why can even a “free” thing have an opportunity cost? Explain using time.
Because time is limited: if you go to a free event, you give up another useful thing you could do at that time (such as doing homework).