Opportunity Cost

1.  One major decision I had to make in my life was deciding to quit club swim team.  This decision was an example of opportunity cost because I gave the daily swim practices that made me a better swimmer and decreased my speed as a result of less practice.  I gained from this decision as well.  Quitting swim team gave me a lot of extra time to do things like homework and spending time with friends.  I also gained the opportunity to try a new sport, water polo.  From this difficult decision I was able to gain advantages, but I also suffered from the things I had to give up.

2.  A future opportunity cost would be buying a car.  On one hand, it will cost a lot of money and to purchase a car, along with all of the major expenses and repairs that come along with buying a car.  The car would depreciate in value, so you canThe gas money would add a lot to the total as well, not to mention being bad for the environment.  A gain from buying a car would be the freedom to go wherever you want, whenever you want, which is important for jobs.  It also would prevent you from having to spend money on public transportation and taxi services.