Thankyou for your insightful post concerning opportunity cost and itsinfluence on decision making and time management. First, I would liketo note that my opinion is helpful in portraying opportunity cost asa recurring factor. It is evident that opportunity cost is vital inensuring that an individual makes a concrete decision on sensitiveissues leading to a lot of dilemmas. Besides, in the currentgeneration does not believe on free lunch. That makes me think aboutreasons for doing the course and forgoing other activities which maybring about positive impacts. In a different perspective, having thecourse as a second alternative would offer me the opportunity to workfor more hours and boost my income. Therefore, it is not just anevent that takes place between consumers and sellers, and theinteresting part of the post is the way I have to give up the time toattend classes at the college.
Iwould also like to affirm that I have to occasionally relinquish thejoy of socializing with my daughter because of the optimism that atone point I will get a steady job which will change the lives of myfamily. In a nutshell, the greatest resource that no one should wasteis time because we can lose or achieves our economic goals in life.It may seem that financial gains from working for longer periods havemore dollar value than my course but completion of my course willenable me to compete with highly ranked colleagues in the job marketfairly. In summary, the economic theory of expectation as depicted byRobinson Crusoe is fundamental for making decisions. The choice tocontinue with classwork is, therefore, the best opportunity becauseindividuals with bachelor’s degree experience high financialearning in their workplaces.