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I.\u00a0 Bellwork:<\/span><\/b><\/p>\n A professional baseball team has only enough money to sign either one superstar or three young players. The superstar could help the team win the championship this year but would not be with the team long. The young players are talented but not yet ready for the major leagues.<\/span><\/p>\n Questions & Answers<\/span><\/b><\/p>\n 1.\u00a0 What is the trade off associated with signing the young players? II. SWD:<\/span><\/b><\/p>\n III.\u00a0 Discussion Section 1-3 pages 19-20<\/span><\/b><\/p>\n A.\u00a0 Identifying Trade-offs and Opportunity Costs Pgs 19-23<\/span><\/b><\/p>\n 1.\u00a0 Short Video On Opportunity Costs\/Trade Offs<\/a><\/span><\/p>\n B.\u00a0 Production Possibilities Frontier Pgs 21-23<\/span><\/b><\/p>\n 1.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Production Possibilities Curve<\/a> <\/span><\/b><\/p>\n 2.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Production Possibilities Curve II<\/a> <\/span><\/b><\/p>\n
\n2.\u00a0 Explain the opportunity cost associated with signing the young players? It is not the superstar.<\/span><\/p>\n\n