Opportunity Cost

Hi everyone! Welcome to another post, today in business studies we learned about opportunity costs. After learning about it we then had to create a presentation where we use a scenario to define what an opportunity cost is. I create my presentation on Canva.

After creating our presentation we had to write about a time where we had to make a choice like Sarah.

When going to the store I had to make a choice where I had to choose 1 thing between 3 items, each of these items were the only one in the store. My first choice was to buy an oreo ice cream, my second choice was to buy shaved ice with mango ice cream and my third choice was a banana smoothie ice cream. My opportunity cost is the shaved ice with mango ice cream because it is my second choice and I missed out on the opportunity to eat it.