Economics and Higher Grades

Should I study more in math? T-Chart Cost well-being Less measure for things I like to do. Higher grades. Less time for family and friends. Increased scores in finals. Less time to earn currency. ammonium alum high discipline and more opportunities. 1 Explain how the concepts of scarcity, choice, and opportunity bell relate to your dilemma. For scarcity it would be that instead of me doing other things of my liking I would study, resulting in higher grades. Opportunity cost would be for display case running(a) which cums with making money and letting that go but then in the foresighted run being able to graduate high school and have more opportunities.2. What be the possible short- status costs and benefits? What are the possible long-term costs and benefits? Explain your answers and retrace sure wholly are listed in your chart.The short term costs would be to divulge up things I like in return for higher grades. as well giving up some time with friends & family would be shown in my final scores as it gives more time for studying. Also not workings or making an income would mesh up less time and would bring about me be able to concentrate full time on my studies.3. Which tower has more responses? Which column has more powerful responses? Explain which points are or so important to you and why. I believe the more powerful response come from the benefit as they are what I want the most and go int 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 aid me in the future.4. Based on the chart and your reflection of the above questions, what go out be your final choice? Was this process helpful to you in stretchiness a decision? Write a brief paragraph with at least three details to persuade your instructor that this is the best decision.I would take more time to study as it pays off in the long run and would obviously be more benefi cial to me than not doing it. It pull up stakes alike as you can see 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 familiarity 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 get wind other knowledge on the subject.