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Hello, Haha.

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Submitted By brittney123123
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Costs | Benefits | | | | | | | | | | | | | | | | | Costs | Benefits | | | | | | | | | | | | | | | | |

Should I go to the movies rather then study for my exam tomorrow morning?

Cost
-Missing the newest most awesome movie that came out.
-Gossip about things going on at school.
-Not being able to fulfill the crave I had for an Icee.

Benefit * Not going to fail my exam the next morning * Better understanding of the things that I missed during some of my classes. * Being able to finish ontime instead of trying to reflect on what I thought I learned in past classes.

Questions: 1. To explain scarcity involving my dilemma is the fact that I wont be able to do both things without having something to sacrifice. The choice I made was so that I wouldn’t have to deal with getting a bad grade then being stressed out for a couple of weeks bringing it up. The opportunity cost I gave up was the company of my friends, the laughter, and enjoyment. 2. When making a decision not always are the cost and benefits equally important, just because the fact that school is always more important than a 30 minute hangout session with frends. The time when they are equally important when its hanging out with family or school, because those are two things that you shouldn’t have to make a choice on, but it must be done. The largest impact on my list was the not failing my exam the next morning because that had the power to change my grade, and stress level in the future. 3. My final choice on what to do tonight would definently be to stay home and study for my exam the next morning. The reason being, if I were to fail my exam, I would be mentally stressed and worried on catching up if I failed. Another reason is, I would always have the opportunity to either

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