No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Essential Questions

What is an opportunity cost?

Posted on April 15, 2014 at 10:15 AM

An opportunity cost is the next best alternative for whatever you are doing at the moment. For example, right now you are looking at my website This is the best thing that you can be doing at the moment. If you had something better to do, you would be doing it! Your opportunity cost is the next best thing that you could be doing instead of reading about opportunity costs on my website. Wow, your life is pretty sad, isn't it? (lol, jk)

AP Macroeconomics / AP Microeconomics Unit 1 Basic Economic Concepts

Categories: AP Macroeconomics, Macro Unit 1 Basic Economic Concepts, Micro Unit 1 Basic Economic Concepts

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