Economy

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  • Ava had a weekend job, she was paid £50. She had a choice of either going to the cinema with her friends or treating herself by going shopping. Her money was the limiting factor.
  • She had to make a trade off, either her friends and the cinema or treating herself when she goes shopping. As she cant pick both the choice of one will result in a loss for the other
  • Ava has to weigh up the opportunity costs, if she goes to the cinema with her friends she gets to see a movie and have a good day out with her friends. However if she treats herself  she has something nice that she wanted and Ava wouldn't have any arguments.
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