Opportunity Cost
About three years ago my Dad work place was closing down and all the employees were either layed off or given a option to transfer to a different location. At this point in time I lived in Sacramento, California. My family was forced into weighing the options of living in California but having no income and having my Dad struggle to find a new job or, moving to Tualatin, OR and starting a new life. My Dad and Mom felt like they were being called to Oregon and we moved all of our belongings to our new home, my three sisters and I started at new schools and tried to regain new friendships.
I feel like the opportunity cost for my situation is the possibility of staying in California and predicting what my life would have been. I look back now three years later realizing its actually very good I moved up here. The High School I would have gone to is filled with a lot of drugs and I might have been peer pressured into doing unhealthy things with my life. The best friend I had when I left California ended up in the wrong group of friends and is now in Juvie. My Dad would have been forced to find a new job and possibly even my stay at home Mom. Life would have been to say at the least more stressful. We would have had a scarcity of money. I might have ended up failing all my classes in California and getting involved in the wrong group of friends where here in Oregon I have a 3.5 GPA and am planning to get a nursing degree.
Even though at the time moving to Oregon was hard, and finding friends was harder it made me value alot more things of my life. Because of the move I have a stronger relationship with my family; I also have great grades!
Opportunity cost: What my life could have been in California, school, education, friends, ect. because my family chose to take my Dads transfer in Tualatin, OR.
Question: Is the opportunity cost choosing the best profit between two options; or is it just the alternative choice you didn't choose and what it could have been?
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