Monday, December 6, 2010

when opportunity cost = procrstination... you know you're in trouble: a mini intro into econ. (according to my brother and his teacher)

hi world wide web.  i'm back.  gwen the procastinator is back.  and this time, when i should be finishing up my fifth essay for world history class, i'm here, blogging. 

on friday, my brother, who's a senior, is taking an econ. class this trimester and was telling me about opportunity cost and how there was no such this as free.  (this all happened because my dad had a coupon for jack in the box where if you buy the burger you get a small fries and drink for FREE and how i was rambling on about how the world is conspiring against us and all... i've had a stressful weekend and when friday came around, well, it felt like christmas day.)  anyways!  opportunity cost.  at first i didn't remember what it was, though i learned about it in third grade when we had our mini society (we had to partner up with someone and create an item which we could sell to our teachers, parents, and peers on a big market day)  i knew i learned about it, but, it just didn't come to my mind.  anyways!  i finally gave in and asked.  opportunity cost is the value of the second best thing you could have chosen.  if that didn't make sense, think about this:  we all want something, but we can't have everything we want not even with all of the money in the world, because we only have 24 hours in a day, and time's irrelevent (i.e. "time flies when you're having fun"  but moves slower than a snail in the slow lane on the freeway) anways, whenever we do something, we give up what else we could do instead.  take for example now.  i'm blogging.  however, instead of blogging right now, i should really be doing my essay due tomorrow.  though i know i'm making the wrong decision (because i'm just going to have to stay up later therefore allowing me to sleep less) i needed a break from it all.  cost and worth are two very different things (quoted from "confessions of a shopaholic")  but it's true.  the cost of me blogging now is sleeping less, but, the worth of me blogging now is keeping me from going insane.  cost and worth.

but, back to opportunity cost =ing procrastination.  i have to type up about 300 more words for my essay on how women played a role in the feudal structure of japan.  (i've already finished to one about how geography plays a role in establishing a feudal society, can feudalism cross-cultures, is feudalism a medium of exchange, and how does a feudal society influence the establishment of an empire)  hopefully i finish by 1:30am, which is the normal time i (sadly) go to sleep these days.  wish me luck.

No comments:

Post a Comment

Followers