Principle of Opportunity Cost: The value of the best alternative that must be sacrificed in order to undertake the activity
Opportunity Cost of writing this blog = higher chances of passing econs test
Opportunity Cost of not writing this blog = mundane life
Marginal Principle: Increase level of an activity as long as marginal benefit exceeds its marginal cost. Choose the level at which the marginal benefit = marginal cost
Marginal cost of writing this blog = 15 mins
Marginal cost of not writing this blog = every single min of my awaken time
(equals to studying)
Marginal Benefit of writing this blog = let out some stress
Marginal Benefit of not writing this blog = score As
Positive Question: What will happen if i write/ don't write this blog?
Normative Question: So should I write this blog?
waa... *runs away*
