Monday, September 22, 2014
Unit One Personal Economic Blog Post
My family often goes to Dairy Queen to celebrate something that has happened recently, whether it be a great score on a hard test or getting hired for a part time job. When I buy an ice cream cone from Dairy Queen, the costs go well beyond simply the money I payed for the ice cream. The benefits of going to Dairy Queen include the time I get to spend with my family, the overall enjoyment of the ice cream, positive reinforcement for something I have achieved, and more. The opportunity cost of going to Dairy Queen could be going on a run, studying for an upcoming exam, or even simply spending more time on my homework. The costs of going to Dairy Queen include the gasoline which was used to get us there and back home, the time it took to complete the trip, the fact that ice cream is not very healthy, and plenty more outside of simply the cost in dollars for the ice cream itself. While weighing the costs and benefits of going to Dairy Queen, I typically decide to go since I am in good physical shape, usually have plenty of time to spend, and that our family is doing well enough to afford the gasoline and ice cream.
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