Read the articles. These articles contain examples of calculating opportunity costs. You will follow these examples to answer one of the questions listed at the bottom of the topic.

1. https://learn.umgc.edu/content/enforced/728516-002383-01-2232-OL1-6381/Week%201%20Readings/Opportunity%20Costs%20of%20buying%20iPhones%20and%20Cronuts.pdf

2. https://money.cnn.com/2017/08/25/news/harvey-costs/index.html

3. https://chicagomaroon.com/2012/news/saul-bellow-dead-at-89/

4. https://learn.umgc.edu/content/enforced/728516-002383-01-2232-OL1-6381/Week%201%20Readings/8%20Chores%20That%20Aren%27t%20Worth%20Your%20Time%20(So%20Outsource%20Them!)%20-%20DailyFinance.pdf

5. https://news.harvard.edu/gazette/story/2015/10/paying-for-health-care-with-time/

6. https://learn.umgc.edu/content/enforced/728516-002383-01-2232-OL1-6381/Week%201%20Readings/It%20Costs%20You%20%2443%20to%20Sit%20Around%20the%20Doctor%E2%80%99s%20Waiting%20Room%20_%20MONEY.pdf

7. https://learn.umgc.edu/content/enforced/728516-002383-01-2232-OL1-6381/Week%201%20Readings/What%20is%20the%20value%20of%20Exercise.pdf

8. https://www.npr.org/2020/01/08/794592539/episode-386-the-cost-of-free-doughnuts

 

Step 2: Answer the question from the list below. 

-Discuss the opportunity costs of your visiting the doctor's office. Calculate in dollars the opportunity costs of your visiting the doctor's office.

 

Step 3: Reflection. Students should also include a paragraph in the initial response in their own words, using microeconomic terminology, reflecting on what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.