Unit 1 Discussion Post

Unit 1 Discussion Post - (Krugman& Wells 2013 Based on...

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Professor and Classmates: The last two major things that I bought was a dance floor and ballet bars for my dance studio. My opportunity costs in making the purchase was that I had to wait to get my outside lighted sign for the business and just keep the basic sign that I had. I decided this because I felt with a dance studio, it would benefit my business more by having a dance floor and ballet bars and create more revenue though more students. Eventually I will then have the money saved to get the sign for the outside. The person that sold me the dance floor and ballet bars did care about my needs and gave me a great price but also was closing her studio so she had a personal motivation in selling the floor. I sell my labor to my business by charging an hourly rate for class instruction. The tenth principal states “One person’s spending is another person’s income.”
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Unformatted text preview: (Krugman & Wells, 2013) Based on the number of classes a student takes is what determines what they pay per month. I absolutely care about what my organization really wants because I am the owner. I want to make sure that I am continuously providing the best services available because this is how I will make my money. Adam Smith’s statement is stating that most of us go to work not because we necessary like to but because we have to in order to enjoy the other things in life. Most people don’t complete a goal or task because they want to or to get some type of enjoyment from it. It’s more because they have to. I am not one that feels that way which is good to say. I truly enjoy my work and enjoy going to work each day. Thank you Jill Willis Reference Krugman, P., & Wells, R. W. (2013). Mircroeconomics (3rd ed.). New York, NY: Worth....
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