You have $20 for the weekend. Your favorite band is performing at the school concert (ticket costs $15), but you also need money for lunch tomorrow ($8).
🎵
Buy Concert Ticket
$15
Enjoy the concert but skip lunch
🍽️
Save for Lunch
$8
Have lunch but miss the concert
Your Choice
Trade-off:
Opportunity Cost:
Learning Summary
You've completed 3 scenarios and learned about trade-offs and opportunity costs!
Trade-off
What you give up when making a choice
Opportunity Cost
The value of the best alternative you didn't choose
Buy Concert Ticket - Enjoy the concert but skip lunch