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Activity 1
Trade-offs for Ryan
Ryan had $132.49 to spend on Slam Dunk Sky Jumper basketball shoes. Study the advertisements for athletic shoes. Select an alternative shoe for Ryan to buy. Record your choice and the price below. |
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Ryan's Choice |
Your Choice |
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Name/style:
Price:
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Sky Jumper
$132.49 |
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- If Ryan buys the Sky Jumper shoes, what is his opportunity cost?
If Ryan buys your alternative shoe, how much money will he have left?
- What might Ryan do with the money he has left?
- What would be the trade-off of this decision?
- Which pair of basketball shoes do you think Ryan should choose? Defend your answer.
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