Activities
Learning
Resources – Chapters 1 and 2
i have uploaded the book to help.
you will also need to repsond to two different peers.
PLease separate discussion one and exercise one
Discussion 1
When we think about taking an action or participating in an activity, we often only think about the monetary cost. With opportunity cost, we think about more than just the monetary aspects; we consider everything we must give up to take that action. In this discussion, your task is to:
Identify and describe the opportunity cost of an activity that you enjoy. Remember to consider everything you must give up to take part in this activity.
Using opportunity cost and benefits, demonstrate how someone might decide whether to participate in your activity or not.
Exercise 1
Exercise 1 covers Chapters 1 and 2 of your textbook. Access the Exercise by downloading the attached document.
Your responses should answer each question fully. You should strive to (1) explain the concept at hand and (2) answer the question with supporting reasoning.
See the Assignment Expectations for further detail.
