What is the opportunity cost of seeing a movie?


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The opportunity cost of seeing a movie in this day and time means that you are going to give up the money that you would spend on that movie instead of using it for something else that you may need later on during the week. This happens a lot in the world because people think that money is everlasting, and they will always have an abundance of money coming in. However, this is not the case in the real world. You do not have an abundance of money coming in and it never lasts long enough. Choosing how to spend your money wisely is the most important lesson of your life because you have other things to think about when that time comes. People do not think about the consequences of their actions until they have committed the act. Spending your money on movies, fast food or other things only to turn around and complain that you do not have the money for food, gas or other things that you need that are more important to survive in the world today. Many people watch the money that they spend because it is something that does not come easily. Most people have to work forty hours a week to make enough money to pay for the important bills that they may have everything else is optional. Some people have second jobs to make their spending money for the week so that they can enjoy going to the movies, out to dinner or other things that they may like to do. Do you know it took us three years and debates over buying a flat screen television because there were other pressing items before we wanted to spend money on something that is only going to amuse us for a little while during the day. Mainly the children because she does not watch that much television to begin with. Some things in life are optional and sometimes it is something they do not really need but want. You have the opportunity to make money and only spend what you want on the material things in life. However, people need electric, water, food, and gas to make it through in the world today. With every step that you take, every table that you serve you are making the money that you need to pay the bills. It may not be much but if you spend your money wisely and watch what you spend it on anything is possible. Many people think that they are owed to have everything that they want in life however, when you grow up and finally get your own place you will see that you cannot have everything that you want. It is not logical in this day and time to spend thousands of dollars on pointless things just to make yourself happy with your life. You are what makes your life and if you want more things out of life you have to make sacrifices whether you like the outcomes or not.

Give three examples of important tradeoffs that you face in your life


180211_10150960014629939_177941515_nSome of the tradeoffs that she faces in her life deal with homeschooling, college, work, and family. Sometimes it is hard to make enough time in the day for these things that she holds dear to her heart. Sometimes there is not enough time and you have to make sure that you have the time to get the required things done with the allocated time that you have during a day. You have to spend your time wisely to manage to get the items done in the allocated time that you have set out for those items. First, homeschooling is important because the future of her children is in the midst of learning what to expect in the outside world. So making the right amount of time to spend with her children to make sure that they learn the basic concepts that they will need to know in the real world. Secondly, college in order for her to further her career, and learning experience she needs to make the most of her college learning experience and use the information in the outside world. Many companies today are looking for people that are educated and understand the concepts of running a business. She needs to make sure that she has allocated enough time for her to understand the concepts that she will learn in her classes, and how she can use them in the real world. Furthermore, making time for your family is the most important because they come first in your life. She knows that having your family stand beside you through the hard times, good times, and any other times that may become a part of your life. Making time for the family can involve many things like taking them out on an outing, having a barbeque, watching a movie together or just spending quality time together as a family.  People do not manage their time wisely therefore, they are stressing about the things that they need to accomplish throughout the day. Planning your day with schedules, and making sure that you have the right amount of time to spend on each of the things that you need to accomplish will leave you feeling that you have accomplished something today.  The part of your day that takes up at least eight hours of your time is work. This is essential in making the money to pay the bills, and other things that you need in your life. Without money, you cannot accomplish much in your life so you have to allocate your time to make the money that you need to make it in the world. Everything that you do in life revolves around money, and you cannot make ends meet without that green paper money that everyone strives to make enough of to make life easier and without worries. Some of the things that you learn in college help you understand the concepts in the real world. Any business wants to make money that is why they are a business.