Chapter 1.2: Opportunity Cost- Vocabulary:
- Trade Off
- Opportunity Cost
- Cost/Benefit Analysis
- Marginal Cost
- Marginal Benefit
- Economics & You (p.9): Describe one decision you made this week. Identify the trade-offs involved.
- Checkpoint (p.11): Why does every choice involve an opportunity cost?
- Decision Making at the Margin (p.12): #1 & 2
- Checkpoint (p.12): How can a cost/benefit analysis help people make decisions?
- Section 2 Assessment (p.12): #7, 8, 9
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