Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

The Opportunity Cost of a pair of Apple AirPods

Geoff Riley

12th September 2016

Share this content:

$159 is the going price for a pair of the newly launched Apple AirPods - for that money, you could buy a GoPro, a drone or a whole year of Netflix - opportunity cost! in action!


You will find more statistics at Statista

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

You might also like

The Hidden Price Tag: Understanding Opportunity Cost

8th September 2026

Two Introductory Sims for Microeconomics

8th September 2026

Introduction to Microeconomics: Scarcity

1st September 2026

In the News Teaching Activity – How much would it cost to reduce ocean plastic waste? (June 2026)

22nd June 2026

In the News Teaching Activity – Why is the price of Caribbean hot sauces rising? (June 2026)

11th June 2026

Micro Case Study: Apple

Topical case studies

In the News Teaching Activity – concerns about youth unemployment increasing (Nov 2025)

24th November 2025

How Much Would an iPhone Cost if Made in America?

7th April 2025