* Economy annual Disneyland pass at $419.00 * New iphone SE Gen-2 at $300.00 plus a $150.00 annual data plan * Playstation 5 at $400.00 and you must also purchase the $40.00 annual subscription. Games for the system are $60.00 each. * Continue saving your money for a college fund. * Invest the money into a well known company's stock for $100.00/share. 1. You've earned $600.00. The list above shows the different options for how you can spend your money. Using the list above, prioritize from your first choice to your last choice. [stick to the above list items only] 1. 2. 3. 4. 5. 2. Identify and explain the opportunity costs of your choice. 3. Define scarcity and explain how it may or may not have impacted the economic decision that you just made.

* Economy annual Disneyland pass at $419.00 * New iphone SE Gen-2 at $300.00 plus a $150.00 annual data plan * Playstation 5 at $400.00 and you must also purchase the $40.00 annual subscription. Games for the system are $60.00 each. * Continue saving your money for a college fund. * Invest the money into a well known company's stock for $100.00/share. 1. You've earned $600.00. The list above shows the different options for how you can spend your money. Using the list above, prioritize from your first choice to your last choice. [stick to the above list items only] 1. 2. 3. 4. 5. 2. Identify and explain the opportunity costs of your choice. 3. Define scarcity and explain how it may or may not have impacted the economic decision that you just made.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 1CQQ

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