List two best alternatives on the table below and discuss the benefits of each

Activity 1.3: Choosing is refusing Objective: Apply the concept of opportunity cost when evaluating options and making economic decisions Directions: List your two best alternatives on the table below and discuss the benefits of each. When your alarm went off, or your mother called you, what choice did you face this morning? Why did you have to make this choice? Alternatives Get up now Don't get up now, get up later Perceived benefits Guide Questions 1. What are the benefits you are refusing by making the choice? 2. What happens when we change the benefits and costs of a situation