Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What would you be doing with your time and energy if you were not taking this class? Explain the other activity in some detail. How


What would you be doing with your time and energy if you were not taking this class? Explain the other activity in some detail. How do you value the cost of not doing the other activity? Be explicit in defining the costs associated with each activity. Put a value on each element.

For example, I am trying to decide if I should go to a football game with the guys. I have an idea of the cost of the tickets, transportation, and the food and beverage. I clearly have the benefit of the enjoyment of the game. However, this is not all that needs to be considered. If I did not go to the game, what would I be doing? Well, I could take my wife out for dinner. How much value do I give to going out on a date with my wife? Or, I could spend time earning income. NOTE: Be careful, you cannot do everything. You must select the next best thing you would do with your time, energy, money. Once you have evaluated both uses of your time, are you still going to go to the game or are you going to take your wife to dinner? Now think of your own story about a tradeoff you have had to make, or will need to make in the future.

Step by Step Solution

3.42 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

If I were not taking this class I would likely spend my time working on a personal project related t... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Critical Approach

Authors: John Friedlan

4th edition

1259066525, 978-1259066528

More Books

Students also viewed these Economics questions

Question

=+b) In which graph is a larger value of a used?

Answered: 1 week ago

Question

Evaluate the answers accurate to the cent. 3(6 + 4)2 - 5(17 - 20)2

Answered: 1 week ago

Question

Evaluate the answers accurate to the cent. 5[19 + (52 - 16)2]2

Answered: 1 week ago

Question

Evaluate the answers accurate to the cent.

Answered: 1 week ago