The Cost of Something Essay Example | Topics and Well Written Essays - 500 words

The Cost of Something - Essay ExampleI guess theres more than to gain. According to swlearning.com, decision-makers have to consider both the obvious and silent costs of their actions. Based on Merriam-webster.com, obvious means seen, on the other hand, the word implicit signifies unexpressed idea but has the capability of being understood.Firstly, to have a better picture of it, $75 economic profit that I supposed to pay for from watching the Hot Stuffs concert is the obvious cost of my decision. On the contrary, the fuel and energy that I will save, plus the extra quantify I can go back to my lessons for the exam the following day are the implicit costs of a wrong decision. So, watching the Good propagation Band give me a sigh of relief, theres no more thinking of driving a long way home and I wont cram anymore for a last-minute scanning of notes. Anyway, decisions like this are not an easy task as always. Without examining the cost, or without agreement the concept of econom ics by Gregory Mankiw, I might have chosen the Hut Stuff band because I honor it higher than the other one. obviously analyzed, Hut Stuff is my favorite, but they are rather both the best bands. Consumers and decision-makers must be aware of the seen and unexpressed costs of their actions economically. What would be more than $75 gain? Or is it a gain or loss? Well, one can only tell if the unexpressed cost is disclosed. The latter has been defined as capable of being understood, although its hidden but it can be recognized in the point of making decisions. One must not be a genius of arithmetic, solving the costs entails the basic math equation which are addition and subtraction, together with the right estimates of value of the implied benefits. How can I value the fuel or the bed? Well, its get obvious by now. How much is the gasoline right now? Or how much is the bus fare? How about the energy I can save for not spending much of it for a long drive or trip? What is the value of getting a good