Opportunity Cost – Essay – bzinny05
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Opportunity Cost
According to National Center For Education Statistics young adults between the ages of 25 to 35 make around $50,000 with a bachelor degree and around $30,000 without it. Most people would choose to get higher education if they have a choice, to have an opportunity to have more financial security and a comfortable life style.  Merriam-Webster dictionary states that an opportunity cost is the different cost of the use of resources that have the same value or profit. I’ve decided to join the Navy because my education expenses will be paid for and I can show my experience in the field of aviation and I also get to travel.  However, because I am in the Navy I would have to move around as I am needed.  I would have to be away from my family and friends, miss birthdays and holidays if I’m deployed.  I would also lose my freedom because I would have to be discipline and highly trained because I am held to a higher standard for 24 hours a day.  If I didn’t join the Navy I would get to enjoy my freedom and be with my family and friends.  However, I might be in debt with student loans that might take more than 4 years to pay off which is longer than my contract with the Navy.  I would also not have the highly trained experience that most company look for in their employees.  I believe that I made the right choice by joining the navy and my benefit for the future out weights the opportunity cost.

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(2016, 01). Opportunity Cost. EssaysForStudent.com. Retrieved 01, 2016, from
“Opportunity Cost” EssaysForStudent.com. 01 2016. 2016. 01 2016 < "Opportunity Cost." EssaysForStudent.com. EssaysForStudent.com, 01 2016. Web. 01 2016. < "Opportunity Cost." EssaysForStudent.com. 01, 2016. Accessed 01, 2016. Essay Preview By: bzinny05 Submitted: January 16, 2016 Essay Length: 292 Words / 2 Pages Paper type: Essay Views: 501 Report this essay Tweet Related Essays Equal Opportunities or Managing Diversity in Organisations Are These J Introduction Equal opportunities are very important in the modern workplace. Providing equal opportunities involves providing the same opportunities to all the employees and prospective employees 2,659 Words  |  11 Pages Franchise Vs. Business Opportunity To the untrained eye, franchise and business opportunity investments look pretty much the same. Both invite you to purchase a package of goods and services 1,869 Words  |  8 Pages Opportunity Cost and the Free Market OPPORTUNITY COST & THE FREE MARKET Scarcity is one of the most basic and crucial points to understand in microeconomics.1Scarcity means that we cannot have 1,760 Words  |  8 Pages Explain the Meaning of Opportunity Costs Explain the meaning of Opportunity Costs. Opportunity Cost is what is given up to get something else. The opportunity cost of any given choice is 609 Words  |  3 Pages Similar Topics Cost Structure Equal Opportunity Nursery Setting Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter

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Opportunity Cost And Equal Opportunities. (June 13, 2021). Retrieved from https://www.freeessays.education/opportunity-cost-and-equal-opportunities-essay/