Discussion: Opportunity Costs

Think about any significant purchases you have made that have required compromise on your partperhaps a car, a house, a set of furniture, a new computer or other electronic device, or even your decision to pursue a college education. When you were considering your purchases, what trade-offs did you think about. In other words, what were the compromises or sacrifices that you had to make in order to acquire the thing you wanted to purchase. How did the trade-offs influence your choices.

• Choose a recent purchase of yours. an example in which the compromises were either clearly worth itor clearly not worth it. The reasons for making the purchase and how you weighed the pros and cons of your decision. An explanation of what the opportunity costs of your purchase were. In the end, was it worth it. Why or why not.