Question

Jade has an after-school job at the diner to earn money for college the following year. her boss, ms. alvarez, offers her a shift on the weekend. the extra money would really help, but jade usually spends the weekend with her family and friends. to help make her decision, jade first asks herself how much she needs the extra money she would make by taking another shift. what is the next question jade should ask herself? "how much will this money help me next year in college?" "what are some other ways i can earn extra money for college?" "what am i giving up right now to earn this extra money?" "does a coworker need the extra money more than me?"

Answer 1

Jade should ask herself about the opportunity cost of working extra hours, which includes the sacrifices she would make in her personal life. This helps her weigh the immediate drawbacks against the long-term benefits of saving for college.

Step-by-step explanation:

Jade is considering taking an additional work shift to earn extra money for college, which presents a typical scenario many students face when balancing work, education, and personal life. After determining the necessity of the additional income, the next pivotal question Jade should ask herself is "What am I giving up right now to earn this extra money?" This question helps her evaluate the opportunity cost of taking the extra shift, including time she currently spends with family and friends, which is crucial for maintaining a balanced life.

Understanding the significance of opportunity cost in decision-making allows Jade to truly weigh the pros and cons of working additional hours against the immediate sacrifices she would have to make. By reflecting on her current commitments and the long-term benefits of saving for college expenses, Jade can make an informed decision that aligns with her priorities and future financial goals.