1.03 - Name Eamon Cushing Date April 7 2016 Step 1 Your...

Info icon This preview shows pages 1–2. Sign up to view the full content.

Name: Eamon Cushing Date: April 7, 2016 Step 1: Your Dilemma: Should I pick up more hours at work? Step 2: Fill out your T-Chart Costs Benefits Less time to hang out with friends More money Less time to do homework Meet new people Less sleep Possible promotion Could miss out on an alternative future career Possible future career Step 3: 1. Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma. Deciding whether I want to work more or not directly correlates with the concepts of scarcity, choice, and opportunity cost. I can only be at one place at one time. Working means giving up a good amount of free time that I would’ve been able to have otherwise. It’s a choice with its costs and benefits. 2. What are the possible short-term costs and benefits? What are the possible long-term costs and benefits? Explain your answers and make sure all are listed in your chart. Possible short-term costs of working more would be getting less sleep and having less time to hang out with friends or do homework. A possible long-term cost of working more would be a chance of me
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Summer '16
  • Mrs. Shame
  • Economics, new people, future career, Eamon Cushing

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern