Opportunity Cost

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Although to the common eye my time may not seem to be scarce, I do not have as much flexibility as one might think. I am a full-time student-athlete here at Holy Family University. My average day consists of me going to class from 9:15-12:45, then practice from 1:00-4:00, eat dinner, and finally the majority of my night is spent working on homework and a little time set aside to relax. The opportunity cost is giving up some of that small window of relaxation I have every night. As stated in the book “To say yes to one thing requires that we say no to another. Whether we like it or not, we must make choices” (Rittenberg and Tregarthen, 2009, Ch. 1.1). Although I may not be pleased with the time I give up a decision needs to be made.
In order to make such an important decision one must discuss their priorities. Being a transfer student not all my credits were accepted unfortunately. Therefore, I am a little behind, but I would still like to graduate on time. This class was not mandatory; however, it will help me get back on track. As the author discussed “Opportunity cost is the value of the best alternative forgone in making any choice” (Rittenberg and Tregarthen, 2009, Ch. 1.1). My free time is forgone when taking this class, however the class helps me get back on track. In order to get you …show more content…

The main thing that I, as a student, am focused on is advancing my education as quickly as possible in order to have a successful career. Therefore, giving up a little relaxation time will do no harm since I am only benefiting from this decision. A great quote from Principles of Economics states “Students sacrifice that time in hopes of even greater earnings in the future or because they place a value on the opportunity to learn” (Rittenberg and Tregarthen, 2009, Ch. 1.1). As discussed earlier, I sacrifice that specific time in order to better my future. Without sacrifice, there is no victory in my

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