The definition of choice is to pick between two or more alternative uses of a resource. What if I want to buy “The Amazing Spiderman 2” movie and a “Mario Kart” video game (alternative uses), and only have money (resource) for one? Then I have to make a choice. Do I want the movie or the video game? Now, say I chose the video game, then the movie is my opportunity cost.We can’t have everything, so sometimes in life we have to make choices. What is toughest choice you have ever made?
02 October, 2014
Movie or Video Game
The definition of choice is to pick between two or more alternative uses of a resource. What if I want to buy “The Amazing Spiderman 2” movie and a “Mario Kart” video game (alternative uses), and only have money (resource) for one? Then I have to make a choice. Do I want the movie or the video game? Now, say I chose the video game, then the movie is my opportunity cost.We can’t have everything, so sometimes in life we have to make choices. What is toughest choice you have ever made?
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Nice job Parker. I like the definitions you added. I would get the movie and leave the video game in the dust. If it was a newer game I would have got the game and left the movie in the dust. Which one would you have chosen the movie or video game?
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