We found 59 resources with the keyterm opportunity cost
Production Possibilities Curve and Opportunity Cost
3 mins 11th - 12th CCSS: Adaptable
What happens when the resources used as part of a production possibilities curve are not easily adaptable to produce both goods? Watch as an economics instructor uses an example of an economy producing pizzas and robots in order to...
The Legacy of the Olympics: Economic Burden or Boon?
9th - 12th CCSS: Designed
Do the economic benefits of major sporting events such as the Olympics or the World Cup outweigh the expected costs? Using fundamental economic terms, discover the explicit and implicit costs and benefits for countries that host these...
EconMovies 7: Anchorman (Efficiency and Market Failures)
7 mins 11th - 12th CCSS: Adaptable
How can performing cannonballs into a swimming pool help us to understand the concept of marginal analysis and efficiency? Check out this video, using clips from the movie Anchorman and informative instruction, to learn more about...
Lesson Plan: Doing a Cost–Benefit Analysis for a Mobile Phone
7th - 11th
Students conduct a cost-benefit analysis. In this economics lesson, students analyze the pros and cons of carrying cell phones. Students realize the benefits and downfalls of the actual cost and the opportunity cost of cell phone usage.