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mario050 · Objavljeno: 12 Sep 2022 11:49 Naslov sporočila: Youtube subscriber sites

Youtube subscriber sites economists think strawberry smoothies are a good idea? Instead the taste of the kiwi will depend on how good or bad it is as well as other options. This concept is called opportunity cost.
What are the sources of opportunity cost in everyday life?
Andrea Caceres-Santamaria senior economics education specialist at the St. Louis Fed wrote about opportunity cost in a recent first-page economics: Money and Missed Opportunity article.
The Scoop on Scarcity
learn how to buy youtube subscribers legit
Nothing is possible in life. There is a scarcity factor. Although we have unlimited demand we have limited time and opportunity to obtain goods and services. According to Caceres-Santamaria concepts are what drives choice — as well as scaling costs and trade-offs.
She gave the example of choosing to buy a $7 smoothie at the mall. She believes most people will simply view choice as a matter of whether they want a drink.
Instead of wearing economist glasses she advises looking at the decision differently:
What is the value of this to me?
What am I giving up now to have it?
What am I going to give up in the future in order to have it now?
Costs That Are Seen and Unseen
Although we tend to focus on immediate financial issues the trade-offs a person makes over time can also affect their professional and personal well-being.
Aceres-Santamaria suggests that in our decision-making process we should consider not only explicit alternatives—choices and costs—but also implicit alternatives—that is unseen opportunity costs.
The idea is to be able to think beyond the current situation and consider other options for spending money.
Do you have other examples of opportunity cost?
One student spent $20 and three hours watching a movie the night before an exam. Time spent studying and money spent on other activities are examples of opportunity costs.
The farmer decides to grow wheat but the opportunity cost will be to grow a different crop or use the resources (land and farm equipment) differently.
In Nigeria people take trains instead of driving to work. It takes 70 minutes by train and 40 minutes by road. Those few minutes could have been used for other things.
Is Opportunity Cost a Big Deal?
Wasting study time or spending $7 on a smoothie might not seem like a big deal but what about bigger options like buying a more expensive home instead of a starter or spending an extra $1,500 on an upgraded trim kit for your next car?
Aceres-Santamaria points out that opportunity costs are more overlooked when making high-priced purchases. For example an upgrade from $1,500 to a base car price of $18,500 may be viewed by consumers as a relative value.
Rather than comparing a more expensive vehicle to its more upscale configuration it might be more useful to consider what else $1,500 can buy.
Why the Rush?
Most of our money decisions involve spending immediately or sooner or later (observe Cáceres-Santa Maria). Excitement today is more valuable than thinking about tomorrow.
As humans we have no patience. The immediacy of promised benefits tends to lure us into long-term rewards.
There is value in studying the future value of money - a concept many of us have heard of in the retirement planning literature.
Read more: Facebook likes increase program
The Future Value of Money
You can buy 1000 youtube subscribers for $5 but what is the future value of the money?
Example 1: A one-time windfall
Say you have a $4,000 windfall and you want to take it on a trip. Can't you? Given the opportunity cost you have nothing to lose. Since this is found money you won't lose anything.
If you invest in an income-generating product at 3% APR compounded monthly you'll earn $5,397 over 10 years.
After five years your funds will grow to $6270. These examples do not take inflation into account.
This is an added bonus if you think about it financially. Also you should consider the experience that an extra $1,400 or more -- your $4,000 in future income -- will allow you to have.

mario050 · Objavljeno: 12 Sep 2022 11:49 Naslov sporočila: Re: Youtube subscriber sites

[quote="mario050"]Youtube subscriber sites economists think strawberry smoothies are a good idea? Instead the taste of the kiwi will depend on how good or bad it is as well as other options. This concept is called opportunity cost.
What are the sources of opportunity cost in everyday life?
Andrea Caceres-Santamaria senior economics education specialist at the St. Louis Fed wrote about opportunity cost in a recent first-page economics: Money and Missed Opportunity article.
The Scoop on Scarcity
learn how to buy youtube subscribers legit
Nothing is possible in life. There is a scarcity factor. Although we have unlimited demand we have limited time and opportunity to obtain goods and services. According to Caceres-Santamaria concepts are what drives choice — as well as scaling costs and trade-offs.
She gave the example of choosing to buy a $7 smoothie at the mall. She believes most people will simply view choice as a matter of whether they want a drink.
Instead of wearing economist glasses she advises looking at the decision differently:
What is the value of this to me?
What am I giving up now to have it?
What am I going to give up in the future in order to have it now?
Costs That Are Seen and Unseen
Although we tend to focus on immediate financial issues the trade-offs a person makes over time can also affect their professional and personal well-being.
Aceres-Santamaria suggests that in our decision-making process we should consider not only explicit alternatives—choices and costs—but also implicit alternatives—that is unseen opportunity costs.
The idea is to be able to think beyond the current situation and consider other options for spending money.
Do you have other examples of opportunity cost?
One student spent $20 and three hours watching a movie the night before an exam. Time spent studying and money spent on other activities are examples of opportunity costs.
The farmer decides to grow wheat but the opportunity cost will be to grow a different crop or use the resources (land and farm equipment) differently.
In Nigeria people take trains instead of driving to work. It takes 70 minutes by train and 40 minutes by road. Those few minutes could have been used for other things.
Is Opportunity Cost a Big Deal?
Wasting study time or spending $7 on a smoothie might not seem like a big deal but what about bigger options like buying a more expensive home instead of a starter or spending an extra $1,500 on an upgraded trim kit for your next car?
Aceres-Santamaria points out that opportunity costs are more overlooked when making high-priced purchases. For example an upgrade from $1,500 to a base car price of $18,500 may be viewed by consumers as a relative value.
Rather than comparing a more expensive vehicle to its more upscale configuration it might be more useful to consider what else $1,500 can buy.
Why the Rush?
Most of our money decisions involve spending immediately or sooner or later (observe Cáceres-Santa Maria). Excitement today is more valuable than thinking about tomorrow.
As humans we have no patience. The immediacy of promised benefits tends to lure us into long-term rewards.
There is value in studying the future value of money - a concept many of us have heard of in the retirement planning literature.
Read more: Facebook likes increase program

mario050 · Objavljeno: 12 Sep 2022 11:50 Naslov sporočila: Re: Youtube subscriber sites

[quote="mario050"]Youtube subscriber sites economists think strawberry smoothies are a good idea? Instead the taste of the kiwi will depend on how good or bad it is as well as other options. This concept is called opportunity cost.
What are the sources of opportunity cost in everyday life?
Andrea Caceres-Santamaria senior economics education specialist at the St. Louis Fed wrote about opportunity cost in a recent first-page economics: Money and Missed Opportunity article.
The Scoop on Scarcity
learn how to buy youtube subscribers legit
Nothing is possible in life. There is a scarcity factor. Although we have unlimited demand we have limited time and opportunity to obtain goods and services. According to Caceres-Santamaria concepts are what drives choice — as well as scaling costs and trade-offs.
She gave the example of choosing to buy a $7 smoothie at the mall. She believes most people will simply view choice as a matter of whether they want a drink.
Instead of wearing economist glasses she advises looking at the decision differently:
What is the value of this to me?
What am I giving up now to have it?
What am I going to give up in the future in order to have it now?
Costs That Are Seen and Unseen
Although we tend to focus on immediate financial issues the trade-offs a person makes over time can also affect their professional and personal well-being.

mario050 · Objavljeno: 12 Sep 2022 11:50 Naslov sporočila: Re: Youtube subscriber sites

Youtube subscriber sites economists think strawberry smoothies are a good idea? Instead the taste of the kiwi will depend on how good or bad it is as well as other options. This concept is called opportunity cost.
What are the sources of opportunity cost in everyday life?
Andrea Caceres-Santamaria senior economics education specialist at the St. Louis Fed wrote about opportunity cost in a recent first-page economics: Money and Missed Opportunity article.
The Scoop on Scarcity
learn how to buy youtube subscribers legit
Nothing is possible in life. There is a scarcity factor. Although we have unlimited demand we have limited time and opportunity to obtain goods and services. According to Caceres-Santamaria concepts are what drives choice — as well as scaling costs and trade-offs.
She gave the example of choosing to buy a $7 smoothie at the mall. She believes most people will simply view choice as a matter of whether they want a drink.
Instead of wearing economist glasses she advises looking at the decision differently:
What is the value of this to me?
What am I giving up now to have it?
What am I going to give up in the future in order to have it now?
Costs That Are Seen and Unseen
Although we tend to focus on immediate financial issues the trade-offs a person makes over time can also affect their professional and personal well-being.[/quote]

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Domene | Spletno gostovanje | Reseller gostovanje | EMAIL gostovanje
SSL certifikati | Spletne aplikacije na klik | Brezplačna spletna stran (Website Builder) | WordPress gostovanje
Spletne strani, brezplačna izdelava in namestitev | Poceni letalske karte | Letalske karte | Poceni hoteli