One of the most immediate economic choices for many college students is how many hours per week

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Question:

One of the most immediate economic choices for many college students is how many hours per week to work for pay and how many hours to spend studying and attending classes. Pair students and ask them what factors influence their choices. How do the ideas of opportunity cost and making decisions at the margin influence their choices? Student X compared to Student Y pair of them what factors influence their decisions of how many hours of work for a paycheck and how many hours spent studying and going to classes

Please be clear, well-organized and through comparing two students Student X VERSUS Student Y in regards to economic choices

how many hours Students spend working for a paycheck vs how many hours they study take exams , Attend classes studying participate in extracurricular activities,

Compare students and ask what factors influence their choices and how the ideas of opportunity cost and making decisions at the margin influenced their choices the students being compared is Student X and Student Y

Opportunity cost

The true cost of an item is its opportunity cost. Opportunity cost refers to the value of what we must give up in order to get it. This sacrifice is the best option we are giving up in favor of the item we want. Understanding opportunity cost is important in understanding our choices, because every cost is an opportunity cost. Every decision we make involves giving up an alternative option.

Marginal decision,

When you need to make a Marginal decision, you often have to weigh the costs and benefits of different options. This requires you to make a trade-off. A trade off is where you compare the costs with the benfits of doing something. When it comes to "How Much" decisions require a trade-off at the margin comparing the costs and benefits of doing a little bit more of an activity versus doing a little bit less. This is when descions of this type, the benefit outweighs the cost between what you stand to gain and what you stand to lose. Sometimes, the choice you make is a marginal decision, meaning that it involves deciding whether doing a bit more or a bit less of something. In such cases, it's important to carefully consider the pros and cons of each option to ensure that you make the best decision possible.