Scarcity and Opportunity Cost: Tutorial
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With college coming up, you're trying to save for tuition and books. Keeping in mind that money is your incentive
right now, choose three activities from this list and rank them from 1 to 3, with 1 being the activity that is most
appealing to you right now.
• work an 8-hour shift at your part-time job where you earn $9 an hour
• volunteer at the homeless shelter to help earn a service seal on your diploma
• go to the movies with your friends
• help your grandfather paint his house, for which he will pay you $100
• babysit your cousins for a few hours today for $25
• help your mother with the grocery shopping and household chores
• go shopping for new clothes