When we think about taking an action or participating in an activity, we often only think about the monetary cost. With opportunity cost, we think about more than just the monetary aspects; we consider everything we must give up to take that action. In this discussion, your task is to:

Identify and describe the opportunity cost of an activity that you enjoy. Remember to consider everything you must give upto takepart in this activity.

Using opportunity cost and benefits, demonstrate how someone might decide whether to participate in your activity or not.