Question

Write a response EXPLAIN a choice you made at some point in your life and explain it in terms of marginal benefits and marginal costs. A choice that I made in my life was leaving on campus for a job offer that I received back home in Georgia. The benefits that came was the fact that I had the chance to work in my career field while still pursing my education. The cost that came along was that I lost many scholarships from switching to online, lost activities that I was involved in and even friendships. The biggest lost was the company that I worked for didn’t keep me and I feel like I wasted my time. c) Can you think of a time in your life when comparing marginal benefits and marginal costs would have been inappropriate? A time in my life when comparing marginal benefits and marginal costs was inappropriate is when I went to Universal Studios and couldn’t decide if I wanted the three-day weekend pass or if I wanted the 5-day pass which was cheaper. This was a hard one because I couldn’t decide if I wanted to be at work making more money or if I wanted to finally enjoy myself and this well-deserved vacation.

Answer 1

Explain choice you made at some point in your life and explain it in terms of marginal benefits and marginal costs.

After my graduation, I had an offer from a well known telecom company. I wanted to pursue post graduation.The costs were corporate experience and financial income. Benefits were the new friends that I got during the course and also the degree which later gave me better job.

Can you think of a time in your life when comparing marginal benefits and marginal costs would have been inappropriate?

As a child I was very passionate about learning a musical instrument and when my parents agreed for a music class then I though it is inappropriate to compare costs and benefits as my passion was above calculations.