Question

9/12 discussion post. read the definition and scenario then respond to the prompt. opportunity costs: the loss of potential gain from other alternatives when one alternative is chosen. benefit.an advantage or profit gained from something. scenario: garrett did not hang out with his friends and instead studied every saturday to do well on the sats and got into the university of maryland. have you ever given something up so that you could get something else? explain!

Explanation:

The prompt is about economic concepts of benefits and opportunity - costs. Garrett gave up hanging out with friends (opportunity - cost) to study for the SATs and gain admission to the University of Maryland (benefit). It asks for personal experiences related to making such trade - offs.

Answer:

Yes, I have given up something to get something else. For example, I gave up watching my favorite TV shows during exam weeks to study more. The opportunity cost was the entertainment and relaxation from watching TV, but the benefit was getting better grades in my exams.