In this video Ben Franklin's version of opportunity cost is more of a monetary gain than anything else. In my opinion, Ben Franklin believes the opportunity is to make money. Either you work to make money or spend twice as much money staying at home. In my opinion every choice we make comes with opportunity. We all have given up something to gain something else that brought interest to our lives. My favorite pass time is watching my children play sports. No dollar amount can compare to the joy I feel when watching them play sports. I think its just being a proud parent watching on the side line how strong and talent your child is that makes it worth more than anything. My opportunity cost for taking this class is I have more time with my children…
D-Client arrived on time for his scheduled appt. with this writer. The client was alert and engaging throughout the session. During the course of the one hour session, he was aware about completing his first initial tx plan, at which he was open to discuss and complete. The client reported that he participated at HOI prior – 15 years ago for heroin. He relapses in 2009 due to his liver transplant surgery in December of 2008. When asked by this writer about happen during his relapse. According to the client, he relapses on RX medication-oxycodone. He’s been abusing his Rx medication for 6 years. This writer asked the client about how his relapse affects his livelihood. According to the client, he affected him greatly financially whereas he spent his entire $150,000 inheritance on RX medication on the street. The client further mentioned that he spend $5,000 a week on daily Rx medication of 30 capsules of oxycodone. The client expressed his disappointment in himself because he was doing well, but since his surgery, at which the client recognized as a blessing, caused his addiction to pain killers. The client continues to say, “I cannot blame anyone, but me.” The client had a desire to open up his own Bar/Restaurant…
On July 11, 1804, what was said to be the most prominent duel occurred. The duel between Aaron Burr and Alexander Hamilton was remarkable as it corresponded to the young, emergent nation because it illustrated the bloodshed that politicians would go through for their political reputation. Joseph J. Ellis spent an entire chapter discussing this conspicuous event for that very reason. Ellis purposely made this chapter the first chapter because he wished to provide evidence that supports his thesis and also catches the reader's attention.…
I go to a party at a friend's house, the opportunity cost is that I…
Most high school students after graduation will attend a community college for a degree in his or her choice. Some students will have the luxury of their parents to pay for their college expenses. However, most students will not have their parents to pay and they will have to rely on student loans. Depending on which degree the student chooses is the deciding factor in the cost of classes. Most credit hours in a community college range from 100-369 dollars per credit hour (College Calc). This calculation is depending on if the student is a in state or out of state student.…
from home, extension of sports careers, or a start to the professions of their choice. There are also different ways to earn their way through college, whether it by athletic scholarships, academic scholarships, parents’ money, or even their own money. For those who have to pay their way in college, it is nerve racking to be responsible for paying the yearly costs of their education. Jon Marcus uses his article “The Reason College Costs More than You Think” to open the eyes of his audience about the reality of the extensive journey of college, and how time can influence the students’ thoughts in getting their degrees. The annual cost of college is…
Throughout the novel The Catcher in the Rye by J.D Salinger a symbol that my group chose that we believe represents Holden is the ducks at Central park south. Holden repeatedly asks people where the ducks go because he likes the ducks staying where they are. Holden worries about the ducks at Central park south “But I didn’t see any ducks around . . . but I didn’t see a single duck. I thought maybe if they were any around, they might be asleep or something near the grass and all. That’s how I nearly fell in. but I couldn’t find any” (Salinger 154). Holden then asks the taxi cab driver who he doesn’t know where the ducks go. “You know those ducks in the lagoon right near Central park south? That little lake? By any chance, do you happen to know where they go, the ducks, when it gets all frozen over? Do you know by any chance?”(Salinger 90). “I was wondering if it would be frozen over when I got home, and if it was, where did the ducks go. I was wondering where the ducks went when the lagoon got all icy and…
Schooling is seen as a necessary part of life in America for generations, needed to transform the children of the nation into happy and productive individuals. Unfortunately, there seems to be a problem with overall performance. According to the Program for International Student Assessment survey administered by the Organization for Economic Co-operation and Development in 2012, the United States ranks 27th in math, 17th in reading, and 20th in science. According to the OECD the US spends more on education than most countries with an average of $115,000 per student (PISA, 1). Unfortunately, that level of spending has not equaled an improvement in education. We have tried to improve our schools with more money, better teachers, and legislation such as No Child Left Behind Act of 2001. What if the true problem with schooling is not the components of the system, but the system itself? In the article “Against School” John Taylor Gatto present several causes for the failing of the American public school system. One of the main causes he puts forth is the institution of compulsory schooling in a system designed to repress the working class, keeping the classes…
There are a lot of people saying college degrees are overrated, and that they are more…
People face trade-offs daily. As humans, we make decisions that require trading off one action against another [Principle of Microeconomics. 2012. 4]. The process of giving up something we enjoy in order to gain another good has been part of our human characteristics from day one. As a society, we should make good decisions only if we understand that there are other available options that will benefit us [Principle of Microeconomics. 2012. 5]. By definition, opportunity cost is the cost of an alternative action that must be forgone in order to pursue a certain action. Opportunity cost is present anytime we must make choices. As rational thinkers, we prefer to choose actions that will not only maximize our time, but also benefits our future.…
Imagine living in a household where getting a higher education wasn’t an option, this is the case for hundreds of people in the United states every year. Over the course of years, thousands of people go to college straight after high school with the privilege of being able to afford it, while others who aren’t economically stable can’t. Lowering the cost of college will increase the number of students who enroll annually because it will open more opportunities to those who are less fortunate than…
“College Tuition rates are 2 ½ times over the inflation rate at an average of 59,8005 dollars” according to Steve Odland, a professor at Lynn University who received a baa from Norte Dame University. If post-secondary education were in fact growing at the same pace, as the inflation rate, tuition would be 383,000 dollars less than it is presently. Are there other alternatives are available such as scholarships, grants, and loans? Yes; however, the competitive field to receive scholarships, loans, and grants is quite difficult to obtain, because there is to many people and not enough space causing prices to increase dramatically. Several middle-class and lower class American citizens feel that tuition costs are expensive, and like myself, are taking advantage of early college programs to receive credit and lessen their debts in the future. These programs allow high school students to receive an associate’s degree while attending high school and working towards their high school diploma. Colleges have been around for centuries such as Harvard established sixteen years after the pilgrims landed on North America and Charity School of Philadelphia established by Benjamin Franklin. The style of education differs back then compared to the system we have now, however these two systems altered a tremendous amount. Although loans, grants, and scholarships are readily available, the expense of post-secondary education has lowered contingency of civilians following the American dream or holding a stable job.…
The college tuition is a common issue in the most families on the entire world. Many people care too much about the college cost after their kids’ graduation or their whole life for saving to the college tuition. The cost of tuition is out of control despite the enormous endowments that colleges are enjoying while others suffered to earn. I think college tuition has to be free, moreover, many good students that cannot afford the college tuition have the rights to study, and to have opportunity to accomplish their goals regardless of their family situation or their low income. So I believe that kids should be treated fairly and go to college. Many kids are very smart, but they don’t have money for an education.…
In today’s society, college has become less of an option and more of a necessity. College is required for many various professions, and the cost of tuition seems to have a lasting effect on many Americans. Although having a college education will help someone receive higher pay and become more successful, the stress of college debt is taking a toll on graduates. Most college graduates will be paying for college loans for many years after they graduate. The continuing rise of college tuition is also hindering many people to have the desire to attend college. Like anything, education has its cost and it doesn’t come cheap. The average college student graduates with a minimum of 30,000 dollars in debt ("College Costs:…
2. Clark, Kim “Should your kids pay for their college?” 11 December 2009. http://www.usnews.com/articles/education/2009/12/11/should-your-kids-pay-for-college-themselves.html 15 October 2010.…