What’s to Love about Economics Essay Example
What’s to Love about Economics Essay Example

What’s to Love about Economics Essay Example

Available Only on StudyHippo
Topics:
  • Pages: 3 (558 words)
  • Published: May 24, 2017
  • Type: Essay
View Entire Sample
Text preview

Law enforcement agencies prioritize the generation of revenue from fines imposed on lawbreakers, specifically through the issuance of speeding tickets, over considering the negative consequences of accidents caused by these drivers. The argument posits that the damages resulting from these drivers are surpassed by the revenue generated from speeding tickets.

The penalty for receiving a speeding ticket is relatively less severe than that for someone imprisoned for committing murder. Nevertheless, I believe that burglary should be punished with a higher fine in addition to imprisonment. My suggestion is that the penalty for burglary should entail paying twice the value of the stolen items, coupled with serving a prison sentence.

2. It is typical for the marginal costs to increase and the marginal benefits to decrease. The initial practice of the day gr

...

ants the swim team the benefit of acquiring new skills. The subsequent practice allows them to enhance the skills gained from the previous practice, which serves as its benefit. Lastly, the third practice enables the team to become proficient in the skills learned earlier in the day, which acts as its cost. However, each practice has its own costs.

For the initial practice, it would likely involve waking up early in the morning and giving up sleep. The second practice would occur in the middle of the day, hindering productivity with other tasks. Finally, the marginal cost for the third practice of the day would be feeling exhausted and lacking energy due to the preceding practices. To balance the scales, I invest in dance classes, continuing until the marginal costs match the marginal benefits. I choose dance classes that cater to my skill level and bring benefit

View entire sample
Join StudyHippo to see entire essay

to me. When a class no longer challenges me to become a better dancer, it becomes time to progress to a higher level.

If there is an approaching snowstorm, ticket sales for any event would decrease because people are not willing to go out in the storm just to attend a show. Other factors that may affect ticket sales include simultaneous events, the show's start time, and ticket prices. It is conceivable that ticket sales could rise if families choose to attend the show together.

4. People have different levels of formal education achievement, with some completing their studies after high school while others opt for higher degrees. The decision to attend college can be influenced by factors such as tuition costs and individual family and personal circumstances. For example, certain individuals may prioritize staying close to their families rather than pursuing a college education, while others may have a financially stable spouse that enables them to not work. These factors contribute to variations in the duration of individuals' educational journeys. Furthermore, personal beliefs impact how each person views the nonfinancial benefits of attending college.

There are varying viewpoints on discovering one's authentic self. Some contend that leaving home for college is necessary, whereas others opt to stay in their hometown. Furthermore, some individuals choose to delay or entirely forego pursuing higher education. College attendance offers the chance to forge enduring memories and friendships, which may elude those who don't pursue a college degree. However, the financial obligation tied to attending college differs for each person. Some believe that taking out loans and devoting a substantial portion of their lives repaying them isn't worthwhile without assured job prospects.

Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New