This article deals with the ‘Big Chop’. The act of a girl cutting all her hair off for the sake of growing a new, natural,healthier head of hair may be taboo for some people. This change for healthier hair is called ‘The Big Chop’. Although the act my be unheard of for a lot of people it has created a buzz within the African- American community for some time now. Some might ask why exactly would you do this to yourself? Doing the big chop will free some women from the harsh expensive chemical, better known as a relaxer, used to straighten their hair. Women who do the big chop will learn to embrace their hair naturally, which gives them a new look but also a new attitude on life. This idea of embracing your natural self sounds great but the struggle it takes to achieve this new natural lifestyle is quite a journey. Others most likely will have an opinion about doing the big chop. Mainly because our society via media isn’t glorying the idea of a African American wearing her hair has it naturally grows from her head. Dealing with negativity is also a con of doing the big chop. Once a woman has cut her hair off to such a short length she can feel very self conscious. Many woman who have been receiving a relaxer for most of their life, manging their own natural hair can be quite the task. Some women have long relaxed hair but to become fully natural will cut most of it off and have to maintain a curly, kinky look. Many people desire to go natural but will have to give up their long, easier to manage hair. In other, more economic, terms the opportunity cost of some one going natural will be the parting of long, straight hair.
Friday, January 20, 2012
Thursday, January 19, 2012
In this video, Homer has one peanut that he considers of great value because it's the last one that remains. But once he drops it and finds the $20 he is faced with a choice. He can get the peanut that he was longing for off of the floor and eat it, or he can use the $20 and go buy a few bags of peanuts. Homer chooses to take the $20 instead, but the opportunity cost is that even though he will get more than one peanut, he will have to wait a few minutes because he has to go all the way to the store, and there is always a chance that the store won't have any.
In this video the theory that "There is no such thing as a free lunch" is proven. Jerry's friend "gives" him a brand new suit and says he wants nothing for it, but then suggests that he is taken out to dinner at a nice restaurant. As a result Jerry has to take the man out to eat twice, and has likely spent a large portion of the cost of the "free" suit, on the man's food. When companies have sales like "buy one get one free" or "buy one get one half off" the consumer is never really getting that great of a deal. Yes, they are paying a few less dollars, but since the prices are already higher than production costs, the companies still receive a profit, and the consumer is still paying more. Thus proving, "There is no such thing as a free lunch".
In this video the theory that "There is no such thing as a free lunch" is proven. Jerry's friend "gives" him a brand new suit and says he wants nothing for it, but then suggests that he is taken out to dinner at a nice restaurant. As a result Jerry has to take the man out to eat twice, and has likely spent a large portion of the cost of the "free" suit, on the man's food. When companies have sales like "buy one get one free" or "buy one get one half off" the consumer is never really getting that great of a deal. Yes, they are paying a few less dollars, but since the prices are already higher than production costs, the companies still receive a profit, and the consumer is still paying more. Thus proving, "There is no such thing as a free lunch".
Wednesday, January 18, 2012
This article is about the Rangers trying to sign Yu Darvish. The Rangers had to pay 53 million in order to negotiate with him. This was an opportunity cost that the Rangers had to take in order to get the team ready to make another run at the World Series. Even though the Rangers are hopeful to sign him and they are missing out on other free agents at this time. If the rangers are unable to sign him they possible could miss out on Prince Fielder or extending Josh Hamilton's contract. Yu Darvish is a special pitcher though. He is 6'6" and can throw 9 pitches. It is scarce to find a pitcher like Yu because of the kind of pitches he throws and the velocity with those pitches. Nolan Ryan believes that his fastball and curveball are good enough to compete in the MLB. Now in order to sign Darvish comes down the the contract and money. The Rangers should be able to meet Darvish's standards so he can sign. The Rangers want a long term contract while Yu wants a shorter contract. The price doesn't seem to be the issue but it will come down to the wire on Wednesday.
Monday, January 16, 2012
Opportunity Cost And Paradox Value of Phobias
Phobias are known worldwide as severe fears. Phobias range from more common fears such as fear of death or heights while also focusing on eccentric fears such as fear of clocks or laughter. But really, what could people be sacrificing when living with these absurd fears? When a person develops a phobia, for example telephonophobia which is fear of telephones, he or she is making a choice to give up a normally common aspect of life. This relates to economics because the person factors in an opportunity cost into his or her life. Should I use the telephone or email the person I want to communicate with? Telephones are the opportunity cost because they are the next best thing to the person with the fear of telephones. Also, this person places a paradox value on certain objects. Most people would love if I came up to them and give them a brand new phone of their choosing. However, since this person has a fear of telephones they would place a different value on them than everyone else. Do you have any phobias? What exactly are you giving up and placing value on while living with these fears?
Monday, November 14, 2011
Electric Cars on the Decline
A recent experiment by Chevrolet lead to an investigation on Lithium ion batteries in cars. A Chevy Volt burst into fire on a test one day. The lithium batteries may be a hazard for drivers and there's no telling whether or not the battery will just bust and cause a fire in the car. Another problem with the car is that retailers for the car are afraid that after the car is purchased its value will decrease way more than a car that uses gasoline will. It's an estimated 70% decrease in value in four years for cars with replaceable batteries rather than the 40% in four years for cars that use gasoline. That is a really problem for dealerships that want to buy the car back and for the people that decide to sell their battery powered car. The battery powered cars deal with long recharging times and limited ranges, which would frustrate people when filling up a car with gasoline takes a few minutes. The only upside to the battery and gas is the battery will cost little to no money to recharge rather than spending all the money on gas. Some think that electric cars will help the US become less dependent on imported oil which demand for the purchase of oil will increase dramatically. Eventually putting the oil company out of business if we as a country convert to all battery powered machines.
Tuesday, November 8, 2011
The Fancy House
Say you been a 2 story house in Dalworthington Gardens for 2 years and your neighbors move out. The house that you own decreases in value automatically. The retail value by 10%, so you paid $3300 dollars for your houses now the retail value of your houses is $3000 dollars. a great way to increase the value of your house is to extend is make it bigger, which would cost a little more money but if you want the bang for your buck its worth it. In addition, having a modern bathroom, a big kitchen with alot of work space, and natural materials in your house also so increases the value of your house. When buyers come look at your home and they see natural materials such as ceramic tile, hardwood floors,and granite there going to like that and want to buy the houses for more. Buyers also like master baths that give a little room to roam, along with kitchens that have solid surface counters and high-quality flooring, such as wood, laminate, tile or stone. Making all of these little updated or changes will increase the value of your home and help you get more money.
Tuesday, November 1, 2011
Hurricane Katrina
Katrina is one of the five of the worlds worst disaster. It is also one of the most costly disaster that happen, Katrina cost approximately $108 billion dollars in damages. At the paste our economy is going the reconstructing of the boot of Louisana will take some time. All the people with that lost of there home, cars, and even family members will alway suffer from the though of the tragedy. Being the fact that everything was underwater and I mean everything there is no food, fresh water, or shelter in order to survive FEMA had to provide everything. With more than 70% of there population to provide for FEMA would have to have a fat check to go out and purchase food, water, and open a facility to put all these people in. To do all this for these people would cost a fortune but instead of trying to fix other countries we need to built in America.
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