Describe some of the potential opportunity costs


Problem

For each of the following, describe some of the potential opportunity costs:

a. Studying for your economics test

b. Spending 2 hours playing computer games

c. Buying a new car instead of keeping the old one

d. A local community voting to raise property taxes to increase school expenditures and to reduce class size

e. A number of countries working together to build a space station f. Going to graduate school

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe some of the potential opportunity costs
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