Cornell notes worksheet: opportunity cost
From: https://meetmappy.com/guides/cornell-notes-vs-mind-maps/

Plain-text worksheet. Recreate branches manually; this is not a .mindmap import file.

Topic: Opportunity cost
Source: Your lecture, textbook chapter, or course handout

CUE: What is opportunity cost?
NOTES: The value of the next-best alternative forgone.

CUE: Why do we have to choose?
NOTES: Time is scarce. In this hypothetical example, two hours
cannot be used for both a study session and a paid shift.

CUE: What is given up by studying?
NOTES: Assume a two-hour shift at CHF 20/hour is the next-best
alternative. Forgone earnings: CHF 40. Ignore taxes and other
costs for this simplified exercise. Other benefits may matter.

CUE: Why not add every rejected option?
NOTES: Opportunity cost refers to the next-best alternative,
not the total of all possible activities you did not choose.

SUMMARY: Scarcity creates choices. Identify the best alternative
actually forgone, and state the assumptions in the comparison.

REVIEW: Hide the notes and answer the four cue questions.
Then explain a different example without copying these sentences.
Correction to make / source page:
Next question to ask in class: