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Unit 1 Day 7

Unit 1 Day 7. Open Your Notebooks. Also: Think of a possible opportunity cost of having a child. What would you have to give up if you had a child? Don’t share with your neighbors; think of your own! say money or time. Money for what?? Time for what??. Opportunity cost of children.

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Unit 1 Day 7

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  1. Unit 1 Day 7

  2. Open Your Notebooks • Also: • Think of a possible opportunity cost of having a child. • What would you have to give up if you had a child? • Don’t • share with your neighbors; think of your own! • say money or time. Money for what?? Time for what??

  3. Opportunity cost of children.

  4. 1st Period

  5. 2nd Period

  6. 4th Period

  7. Opportunity Cost/PPF Review

  8. Write This In Your Notes: • Trade-offs = all the choices • Opportunity cost = cost of best alternative given up. OR Trade-offs Opportunity Cost

  9. Lebron Duke or the NBA?

  10. Marker Board Assignment • 1) Draw a PPF using the information above. Label each point. • 2) What is the opportunity cost of moving from Point C to Point D? • 3) Say this country is producing at Point B. What is the opportunity cost of moving to Point E?

  11. Poetry and Songs

  12. Clicker Quiz As A Class

  13. Maximum that can be produced of each. Computers Wheat (bushels) USA 500 1500 Kenya 200 1000 1) What is USA’s opportunity cost of making 1 bushel of wheat? • A) 3 wheat • B) 1/3 wheat • C) 3 computers • D) 1/3 computer

  14. A) 4 coconuts B) 8 coconuts C) 1/2 coconut D) 2 coconuts 2) What is Crusoe’s opportunity cost of 4 fish?

  15. A) 4 coconuts B) 8 coconuts C) 1/2 coconut D) 2 coconuts 3) What is Crusoe’s opportunity cost of 2 fish?

  16. A) 4 coconuts B) 8 coconuts C) 1/2 coconut D) 2 coconuts 4) What is Crusoe’s opportunity cost of 1 fish?

  17. A) 4 fish B) 8 fish C) 1/2 fish D) 2 fish 5) What is Crusoe’s opportunity cost of 4 coconuts?

  18. A) 4 fish B) 8 fish C) 1/2 fish D) 2 fish 6) What is Crusoe’s opportunity cost of coconuts?

  19. 7) What is the opportunity cost of one pie? • A) 0.5 cakes B) 1 cake • C) 2 cakes D) 3 cakes

  20. 8) What is the opportunity cost of ten pies? • A) 5 cakes B) 1 cake • C) 2 cakes D) 3 cakes

  21. 9) What is the opportunity cost of two pies? • A) 5 cakes B) 1 cake • C) 2 cakes D) 3 cakes

  22. 10) What is the opportunity cost of cake? • A) 0.5 pies B) 1 pie • C) 2 pies D) 3 pies

  23. Opportunity Cost In Different Regions. Corn and Oranges. Felp and Bort.

  24. Worksheet Should be completed by each student. You may work on this with your partner.

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