Example #3
Your school has announced a vacation. You finally get a chance to go for the holidays for the next 1 month. But
suddenly you came to know that training is scheduled for your favorite sports which you do not want to miss.
So, if you go on vacation, then your opportunity cost will be missing the training session, and if you stay for
training, then your opportunity cost will be enjoying the vacation.
• What is the opportunity cost of going on a vacation?
Your school has announced a vacation. You finally get a chance to go for the holidays for the next 1 month. But
suddenly you came to know that training is scheduled for your favorite sports which you do not want to miss.
So, if you go on vacation, then your opportunity cost will be missing the training session, and if you stay for
training, then your opportunity cost will be enjoying the vacation.
• What is the opportunity cost of going on a vacation?