Question

diane is deciding whether to eat the oatmeal she packed for lunch or buy a burrito. she wants to enjoy her lunch. but she is also trying to save money. suppose diane decides to eat the oatmeal that she packed. sort the results of this decision below into costs and benefits. diane will enjoy the oatmeal a little bit. diane wont get to eat the burrito. she would have enjoyed the burrito a lot. diane will save some money she would have spent to buy the burrito. diane will use up some oatmeal that she could have saved for later. costs benefits

Explanation:

To determine costs and benefits, we analyze what Diane gives up (costs) and gains (benefits) by choosing oatmeal. Costs are the drawbacks: not eating the burrito (which she would have enjoyed a lot) and using up oatmeal she could have saved. Benefits are the positives: enjoying the oatmeal a bit and saving money she'd spend on the burrito.

Answer:

Costs:

• Diane won't get to eat the burrito. She would have enjoyed the burrito a lot.
• Diane will use up some oatmeal that she could have saved for later.

Benefits:

• Diane will enjoy the oatmeal a little bit.
• Diane will save some money she would have spent to buy the burrito.