Question 1 Recall a time where you were making a decision that involved considering both monetary and non-monetary benefits and costs. What were the monetary and non-monetary considerations? How did you ultimately decide on what to do? Question 2 Time is a scarce resource, and how you spend your time requires evaluating tradeoffs. Describe an example from your own experience where a decision about how to spend your time brought with it an opportunity cost. What was the opportunity cost?
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