ECO 204 Week 1 DQs

Apr 16th, 2015
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ECO 204WEEK 1 DQ 1How do you go about allocating your time in a given day among competing alternatives?How do you go about weighing the alternatives?Once you chose a most important use of time, why do you not spend all your time on it?Use the notion of opportunity cost in your answer.In a 24 hour period nine out of ten hours are used for work then I have about three to four hours of study time and depending on the day an hour goes to dance classes for my daughter and about 3 to four hours goes to family time which includes finding out how my daughter's day went, playing a game or learning something new with her. I also sell AVON so depending if I have a shipment or new orders I may also need an hour or two to complete that. I usually only get about four to five hours of sleep a night depending on what is going on. I've tried to best prioritize my 24 hours by a schedule but it always seems to change so I just try to get all that I can get done and as much as possible.When it comes to opportunity cost I tend to trade off some study time for family time. Since most of the work is due starting on Thursday I will read during my lunch breaks so that when I get home all I have

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