For each of the following situations, identify possible opportunity costs involved.

A worker earning an hourly wage of $10 decides to cut back to half time to attend the

University of Wisconsin-Eau Claire.

Due to the COVID-19 pandemic, families in Eau Claire Area School District were

given the choice of a Blended or 100% Virtual model for their children. If your professor

chooses "100% virtual" for her kids, what will be her opportunity cost(s)?

Kevin decides to go to a wild fraternity party and stays out all night before his

Economics exam.

You win $1000 in a football pool. You have a choice between spending the money

now or putting it away for a year in a bank account that pays 5% interest. What is the opportunity cost of spending the $1000 now? How much is it?