Man’s best friend or unacceptable opportunity cost?

I am not a great fan of pets - but many of my students are. Here is a great graphic from Visual Economics that should set the cat among the pigeons if used as an example of opportunity cost

Economics at the Movies: In Time [13 Nov 2011]
So many economic concepts in one article - Indian tomato production. [11 Oct 2011]
Unit 1 Micro: Sleep, Money, Happiness and Choices! [25 Sep 2011]
NHS spending good, private provision bad? [5 Sep 2011]
Starter Activity: Health Economics [1 Sep 2011]
An activity for the first Economics lesson of the year! [31 Aug 2011]
Economics at the Movies - Utility of Decorative Pillows [18 Jul 2011]
Unit 1 Micro: Opportunity Cost - [11 Jul 2011]
AS Micro: Offering heart drugs by default [5 May 2011]
Switching Off Street Lighting [10 Nov 2010]
The unkindest cut of all? [5 Nov 2010]
A £113m lottery win - link to opportunity cost [14 Oct 2010]
Bad Snow Fall in London? [11 Oct 2010]
Substitute goods, scarcity & the recession - Toshiba’s OLED TVs [4 Oct 2010]
Running out of Monet [1 Oct 2010]
Lesson Worksheet - Production Possibilities and Opportunity Cost [8 Aug 2010]
Drug rationing - the role of NICE [4 Aug 2010]
Spare swine flu vaccine - government failure or good planning? [8 Apr 2010]
Revision Presentation - Public Goods [23 Feb 2010]
Bangernomics and asymmetric information [13 Jan 2010]
Green gold in Tanzania [14 Dec 2009]
Lessons from an Ad Man - Superb microeconomics! [25 Oct 2009]
Too much choice is bad for you [20 Jul 2009]
The Price of Life [21 Jun 2009]
The Opportunity Cost of Debt [3 Apr 2009]
Snow ploughs and The Economic Problem [2 Feb 2009]
Darling’s Tough Love [19 Jul 2008]

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