* 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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Please answer questions 1-3 based off the list.
![* 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdb64d2fb-df17-4adb-92fc-b7c69900606f%2F4ac56646-33ed-489b-8dde-6fc29eb5884f%2Fr2f824_processed.jpeg&w=3840&q=75)
Transcribed Image Text:* 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.
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