Opportunity costs are a key concept in economics

Opportunity costs are a key concept in economics. Read these articles about opportunity costs and respond to these questions. How do you knowingly or unknowingly use opportunity costs in your life to make decisions? Give examples from your life where you weighed opportunity costs and try to give different examples from your classmates.

https://fee.org/articles/lyft-drivers-have-a-profound-understanding-of-opportunity-cost/ (Links to an external site.)Links to an external site.

https://www.huffingtonpost.com/miranda-marquit/understanding-opportunity_b_7542356.html (Links to an external site.)Links to an external site.

http://www.slate.com/articles/double_x/doublex/2013/02/time_is_money_opportunity_cost_can_help_you_figure_out_how_much_your_time.html (Links to an external site.)Links to an external site.

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