Question

ashley’s family is deciding whether to move to a house on lee street or central boulevard. they really want to live on lee street. but the house on that street is smaller and more expensive. suppose they decide to move to the house on central boulevard. sort the results of this decision below into costs and benefits. they will save some money each month. it costs less to live in the house on central boulevard than the one on lee street. they will get to live on central boulevard. they will like living on that street a little bit. they won’t get to live on lee street. they really like that street. they will have more space in their house. they might need this extra space in the future if their family grows.

Explanation:

To determine costs and benefits, we analyze what is gained (benefits) and what is lost (costs) from choosing Central Boulevard. Benefits are positive outcomes, costs are negative (what they give up or don't get).

Costs (what they give up/don't gain):

• They won't get to live on Lee Street. They really like that street. (They forgo living on their preferred street.)

Benefits (what they gain):

• They will save some money each month. It costs less to live in the house on Central Boulevard than the one on Lee Street. (Financial savings.)
• They will get to live on Central Boulevard. They will like living on that street a little bit. (Get to live on a new street they like somewhat.)
• They will have more space in their house. They might need this extra space in the future if their family grows. (More living space, beneficial for future needs.)

Answer:

Costs:

• They won't get to live on Lee Street. They really like that street.

Benefits:

• They will save some money each month. It costs less to live in the house on Central Boulevard than the one on Lee Street.
• They will get to live on Central Boulevard. They will like living on that street a little bit.
• They will have more space in their house. They might need this extra space in the future if their family grows.