# How to Calculate Opportunity Cost

Instructions:

question 1 of 3

### With the same amount of resources, Country A can produce 25 tons of chicken or 50 tons of wheat. What is Country A's opportunity cost of producing 1 ton of wheat?

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### 2. In one hour, Sally can complete 4 reports or she can write 8 computer programs. Calculate the opportunity cost for this scenario.

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This quiz is a series of math problems and will present you with a variety of situations about individuals or groups facing two choices. You will need to calculate the opportunity cost for a particular path.

## Quiz & Worksheet Goals

To solve the practice problems, you will need to know these details about opportunity cost:

• What's needed to calculate opportunity cost
• How to analyze a choice between two things from a different perspective
• Formula used to determine opportunity cost

## Skills Practiced

The quiz will require you to practice these skills:

• Problem solving - use acquired knowledge to solve opportunity cost practice problems
• Interpreting information - verify that you can read through opportunity cost examples and interpret them correctly