Question
write a brief scenario that describes opportunity costs. For example: After working weekends for the past three years, Janet has saved $7,000. Her goal is
write a brief scenario that describes opportunity costs.
For example:
After working weekends for the past three years, Janet has saved $7,000. Her goal is to buy a new 90-inch HD television. Before she buys the TV, she is offered an opportunity to travel with her best friend to Australia and New Zealand. The trip will cost about $7,000.
Janet's opportunity costs are either missing out on purchasing a new television (if she chooses to travel) or forgoing her plan to purchase a television (if she travels abroad).
Now, write your own scenario that illustrates opportunity costs.
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