Opportunity Cost Benefits

The issue, “Is College the Best Option,” interestingly is actually closely related to my major in a few facets. The idea of opportunity cost is an often overlooked fact that the first author and second author touch upon. This is that the real cost of doing something is equal to the value you’d gain by doing something else. The example the second author, Charles Murray, presents is an anecdote about the young man deciding whether or not he should be an electrician or not. The boy weighs his various options and the cost benefits of each of them in

Everyone has to make choices in their life. Some are everyday choices, like what to eat or drink. Others are more critical, like choosing a job. Important decisions take time to comprehend. Like with me, the decision to go to college was the most critical choice in my life and for my future, and I will never regret it. Going to college is important because it helps me find a job, it expands my knowledge, and it is a wonderful experience.

The rise of college tuition along with room and board have lead many to believe that college isn’t worth the money. This among with the other factors of how getting a job into society is more difficult and that a college degree no longer competitive due to the high abundance of them. On the other side, many others urge the importance of a degree. They bring up how more jobs today require degrees, the return investment, and many other things.

Opportunity cost can go botho ways, the way of going to college and the way of not going to college. The opportunity cost for not going to college is for example , someone does not go back to school after high school, but works right away. The other example is that someone goes to college and works, but the big difference is that the person going to college stays educated, learns as they go, and moves on while having a job, as for the person just working stays at the same level and even might move down a level for the fact that they are letting time go by . The opportunity cost is a big positive for the person that is going to college and staying

For example, Bill Gates’s opportunity was his school’s computer club, which gave him the chance “to do real-time-programming as an eighth grader in 1968.” (Gladwell 51). This gave him extraordinary amounts of practice, setting him up for success and influencing his decisions like starting a software company. Another example of opportunity is one’s birthday in relation to cutoff dates. The American education system cutoff date for kindergarten is in the fall, therefore children born in autumn have the opportunity of maturity over children born in summer and spring (Gladwell 28). This slight advantage continues to increase as children grow, autumn babies qualifying for advanced programs due to earlier development (Gladwell 28-29). Education opportunity immensely affects personal identity, it brings confidence, knowledge, and more opportunities. Thus, opportunity impacts identity by influencing decisions and effecting

The author's claim is that of the importance of receiving a college education and the repercussions of such decisions.

In recent discussions of “Is College Worth It?” By John Green, a controversial issue has been whether, people should attend college or get a job after they finish high school. On the one hand, some argue that people can get a monthly income better than if they have a degree. From this perspective, some people they do not want to attend college. On the other hand, however, others insist that people should attend college after they finish high school. In the words of John Green, one of this view’s proponents, “after graduating from college, I actually made $1 per hour less when I started working as an assistant at Booklist Magazine, but the job was better in every way” (video). According to this view, he was working at Stake and Shake and he was getting better salary than what he got after graduate by 1$ less but money is not everything in life. Then he proved to the audiences through his experience that he was more comfortable with working as assistant at Booklist Magazine even he is making less money. Because he got a better job, got the knowledge, and work on something that he like. In sum, then, the issue is whether to attend college or work without a degree. My own view is that attending college is worth it even if it will cost some sacrifices of things that we can get it in the future. After, all, I have chosen to identify as a college student at Winona State University. Though I concede that choosing the university and working to

Located in the 14th Edition of The Norton Reader, an article written by Carolina Bird titled “College is a Waste of Time and Money” can be found. In the article Bird argues that though college may be beneficial for a small percentage of students, but for the majority it is a waste of time and money. The benefits of a college degree can rely on many contributing factors, but for some college is simply a waste of time and money. Though most of the sources used in Bird's article are over four decades old, the argument today is still very strong. One example includes the idea that most students believe that college is the best thing for them to do for their future, and therefore they enroll, only to realize they are not happy and drop out. For other students their dream may have always been set on a specific career, putting college into the plan, but following graduation the job market for their degree is scarce. Within these two examples one would find support for the argument that college is a waste of time and money.

The article “should everyone go to college” by Stephanie Owen and Isabel Sawhill convinces people that not every school and major is a good investment to choose for studying , also the writer believes not everyone should go to the college. In fact, everyone likes to be successful in terms of both education and wealth , however the people choose different majors based on their abilities and talents. On the other hand, the society demands and the application of the majors define whether studying in a specific major is a good investment or not. If most of the majors categorized in terms of salaries and most of the people choose that specific major , job opportunities will be filled for that major and it’s not a good investment anymore. Therefore

In the debate about whether college is worth attending, many argue that college is worth it but others argue that college is not worth it. Those who argue that college is worth it contend to say that college graduates make more money, college allows students to explore career options, and not going to college will cost people more money in the future but on the other hand, those who argue that college is not worth it contend to say that college graduates are employed in jobs that do not require degrees, students who do not graduate waste their own money and the governments money, and student debt can cause another financial crisis for students who are already struggling with financial aid. While it is true that college does cause many problems already, college is worth attending and worth all the problems at the end of the road.

As for everything in life, for every advantage there is a disadvantage, and this holds

Opportunity cost is define as the best alternative sacrificed for a chosen alternative. Opportunity cost must be a forgone in our decision making in order to get something. Instead of taking microeconomics my alternatives could have been to sleep after work, so giving up sleeping to take this course I sacrifice sleep. So my opportunity cost of taking this course is the benefit of sleep I would have chosen if I would have not taken this course to farther my education.

Opportunity cost is the concept that when a choice is made, other possible choices are lost (a self-explanatory “cost of opportunity”). Opportunity cost is quotidian in that any choice has opportunity cost (if it does not, it cannot really be said to be a choice). A student’s decision to have private math lessons has opportunity cost - due to this choice, the student will have to spend time, money, and energy which could be used otherwise, resulting in less options because there are less resources. This concept ties into scarcity (the fundamental ‘economic problem’ where there are infinite wants and limited resources) because opportunity cost only exists due to a limitation in resources and high amount options - nothing would be lost if there

One of the trade-offs that I faced before in my life is when I had to make a decision about what I want to do after high school. If I chose to further my studies, that means I would have to give up the chance to earn money and gain working experiences. When I made up my mind to continue studying, I hesitated about which university to choose because there are too many choices. For example, if I had chosen to study at local university, I would have lost the opportunity to experience the university life in foreign country. Contrarily, if I had chosen to study abroad, there would have been a bigger financial burden for my family. I had to make the wisest decision as it affects my future.

Now days, many people are told that they must graduate high school with good grades, so that they can get into a good college and be successful in life. Many people follow this because it’s what they have been taught their whole life. Most won’t even ask themselves, is college worth it, or is there a better alternative out there. College can be worth the time and money that is invested, for a lot of individuals, if they use it correctly. On the other hand, college isn’t for everyone and there are many reasons that make it not very appealing for these individuals. I consider college to be worth it if you use it correctly, even if it isn’t the best financial investment. While there are many people who think college is worth the time and money invested, there are others who disagree.