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Help me put a response to this-A personal example of mine in using opportunity costs to help decision making was when considering immediate employment upon
Help me put a response to this-A personal example of mine in using opportunity costs to help decision making was when considering immediate employment upon graduating in December or starting this program. My decision was either that if I chose to pursue further education, the opportunity cost would be the potential income and work experience I could have gained during the time spent starting the program. Conversely, if I entered the workforce immediately, the opportunity cost would be the additional knowledge and credentials I could have obtained through higher education. Luckily, I waited a couple of months to seek employment opportunities and was able to accelerate my journey in the program while I had time on my hands. I feel like we use opportunity costs unconsciously in some decision-making processes
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