ABC's Shark Tank is full of the basics of economics. Basically, it's a competition where aspiring entrepreneurs make presentations to persuade potential investors to invest in their business. There is one episode in season 5 episode 9 where a woman tells the sharks how she and her husband saved a lot of money so they could launch their new product, Slawsa, a new condiment that is a cross between coleslaw and salsa. Mark Cuban, one of the sharks, praises her on this and says how nice it is to see someone giving up a little now have more in the future. This is a classic production possibilities frontier example of future vs. current consumption. The entrepreneur who made Slawsa also speaks of how she is not taking any salary from her business at this time because she wants to focus her time, energy, and resources into her business. This is an example of opportunity costs, which are classified as costs in business production decisions.
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