1. Scarcity Scenario: Imagine you're on a deserted island and can only bring three things. Knowing that resources are limited (scarce), what factors would you consider when making your choices? 2. Choice Challenge: You have $100 to spend. You can either buy a new pair of sneakers you've been wanting or go to a concert with your friends. What are some opportunity costs you'd need to consider in this situation? 3. Real-World Application: Scarcity isn't just about money! Think about a time you had limited time or energy. How did you decide how to allocate those resources? What opportunities did you have to forgo?

Plzz give the answer of second question.

1. Assume Jenny is trying to decide whether or not to see a movie. Why would she be more likely to focus on the $10 ticket price rather than the $20 she would fail to earn by not working during that time. 2. What is your opportunity cost of attending a 3pm class? Is it different than your opportunity cost of taking the same class at 8am? 3. Explain why there is always scarcity, even if there is a surplus in a particular market. 4. Match each of the following to one (or more) graphs below: a. Inefficient production of meat and fish b. Productive efficiency c. Technological advances in the production of meat and fish d. The law of increasing opportunity cost e. An unattainable combination of meat and fish

Max has 3 options of what to do in the afternoon. A) play ultimate frisbee which he values at $40 and is free; B) Go to CrossFit which he values at $30 and costs $12 to do C) Lift at his home gym which he values at $20 and is free. He chooses to play ultimate frisbee. What are his opportunity costs in this example? $50 $40 $38 $30 $20  $18