Studying Accounting - Assignment Example

1. There will be no increase in clients since the rivers will be closed to fishing so the decrease in price will not have the desired result.
2. There will be an increase in the number of clients as the movie would have acted as a positive advertisement drawing people to fish.

The benefits of studying for the exam are that one gets good grades and avoids that “talk” with the parent. Passing the exam is also a step towards the achievement of one’s dream career which has good pay.

1. Going skiing on a class day

Costs: fall behind in classwork and risk failing in that class

Risk getting in trouble with the school and parents

Risk getting into an accident and getting hurt

Benefits: Have fun

Get to exercise

1. Taking a Job

Costs: reduced free time

Benefits: Gets a source of income thus one is able to meet their financial needs

Reduces idleness

1. Watching the Television

Costs: The time spent on TV could be used to do something more constructive

Risk of being obese

Benefits: one gets entertained and informed

Question 3

It was a good investment if the revenue generated is greater than the expenses incurred.

Question 4

It is true that there is no free lunch because the money used to provide this lunch could be used for other purposes such as building better classes or providing technology that makes learning better.

Question 5

It is possible to exchange diamonds for other items because, despite the fact that it is a rare commodity, there are other metals that can be used as their substitute. However, there is no substitute for water.

4 hours should be spent studying economics and two hours should be spent studying accounting. This is because spending more hours studying economics has greater marginal benefits compared to spending more time studying accounting.