Some things are just not what they seem to appear as.

Scarcity Leads To Choice Making

Because of scarcity, we cannot have everything that we want. We have to choose.

The Rational Behavior

People want to get maximum satisfaction out of the limited resources they have access to. Thus, if a person has to choose between one thing and another, the person will always choose the alternative that will get him/her the greatest satisfaction.

The Self-Interest Behavior

People know their own preferences and act to satisfy those preferences, making the choices that are best for the individual who makes them.

The Opportunity Cost

Every time we make a choice, we give up something in return for what we want. The opportunity cost of satisfying a want is the next best alternative forgone.

Opportunity cost is defined as the highest valued alternative that has to be forgone.

END

It may seem like I'm studying for a mini Economics test tomorrow, but truth is, I'm actually studying for a mini Economics test tomorrow.

It's just that, I find that it relates to what happened in life.

OK, a break from studying.

Some things that happen, may make you want to get angry and violent. But being tired in JC has resulted in one thing.

That getting angry over such petty stuff is simply a waste of energy.

Mug for Guitar Ensemble, and school as well.

OG102 has the most amazing people. Couldn't have asked for anything better. :)