Economics and Higher Grades Essay

Should I study more than(prenominal) than in math? T-Chart Cost Benefit slight time for things I like to do. Higher grades. Less time for family and friends. Increased scores in concludings. Less time to earn money. Graduate high train and more opportunities. 1 Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma.For scarcity it would be that instead of me doing some other things of my liking I would study, resulting in higher grades. Opportunity cost would be for example working which comes with devising money and letting that go but then in the long electioneering being open to graduate high school and have more opportunities. 2 What are the possible short-term be and benefits? What are the possible long-term costs and benefits? Explain your answers and make sure all are listed in your chart.The short term costs would be to give up things I like in determine for higher grades. Also giving up some time with friends & family would be shown in my final scores as it gives more time for studying. Also non working or making an income would take up less time and would make me be able to concentrate full time on my studies. 3. Which column has more responses? Which column has more powerful responses? Explain which points are most important to you and why.I believe the more powerful response come from the benefit as they are what I want the most and dont really compare to the other short term effects. For example I would rather want to graduate and whatnot than to have money right now as I know it leave alone help me in the future. 4. Based on the chart and your reflection of the above questions, what will be your final choice? Was this process helpful to you in reaching a decision? draw up a brief paragraph with at least three details to persuade your instructor that this is the beat out decision.I would take more time to study as it pays off in the long run and would obviously be more beneficial to me t han not doing it. It will also as you can take in the chart make me be able to excel more in the areas in math I am having trouble with. I will be able to not have any trouble in passing exams, and I will be acquiring more knowledge on the subject for the future. Giving up work will also put a negative impact in short term for my wallet but it will give more time for me to acquire other knowledge on the subject.