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Making Decisions

Published on Sep 01, 2016

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

Making Decisions

trade-offs, opportunity cost, & the production possibilities curve
Photo by ONETERRY. AKA TERRY KEARNEY
2.

where would you be if you didn't come to class today?

Photo by blmiers2
3.

why did you choose to be here instead of there?

Photo by rafael-castillo
4.

Narrow down your list.

what is the most likely or best alternative to being in class?
5.

opportunity cost

  • refers to the cost (or value) of the next best alternative
  • school vs work:
  • the money you'd make is the opportunity cost of being in school
Photo by rafael-castillo
6.

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9.

2 handouts to complete

Photo by shadowfax the second

Jennifer Butterfield

http://mrsjbutterfield.blogspot.com/