Sunday, October 17, 2010

Opportunity Cost

Opportunity cost = benefit that forgone when you choose an alternative over the next best alternative

The concept is very simple, but the application is very wide.

Example:
you've got two choices, studying or loitering, you choose loitering then you lose the time to study, in the end you will cram studying in two/ one weeks before the final exam.

you've got two choices, doing assignment or sleeping. you choose to sleep. the time which supposedly used to do assignment will never come back. In the end, you've got too many assignments to do until you don't know which to start first

you've got two choices. doing report or going back home. you choose to go back home. then, you cannot finish report in time and cannot submit it on time.

you've got two choices, studying for quiz or hanging around. you choose to hang around with your friends. then you cannot finish the topics supposed to be covered. in the end, you just berserah and do the quiz halfheartedly.

solution:
Prioritize!!
you cannot have both in a very limited time. then, you've got to choose wisely, present happiness or future brightness. the decision is in your hand.

This is reminder for myself and also others. I've already lose hope for this semester. may i can survive next semester.

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