we have all been in this situation. you are trying to figure out a word or phase, its on the tip of your tongue but you just can't seem to say it. well i'm in this situation. i can not think of this phase, it is to describe the way you measure the benefits of a decision.
normally used in economics. it is describe how much satisfaction you will get immediately.
for instance, say i had to make a decision i could go to college, get qualifications, then go to uni. or get a job straight away, where i'll earn money straight away.
I'll receive something immediately...........? if i chose to get a job first, but i can't figure out what it is called.
This has been bugging me for hours someone please help!
i'll be surprised if you understand what i'm on about and the answer is simple. help!
2007-09-05 12:55:10 · 3 answers · asked by stradlin 2 in Education & Reference ➔ Words & Wordplay
yes utility and opportunity costs...thats it
thank you....i have sat here for ages hoping it would pop into my head, and you get it in two minutes. :)
i did say it was simple.
2007-09-05 13:03:54 · update #1
utility
as in total utility and marginal utility
but you are also talking about
Opportunity costs
2007-09-05 13:00:25 · answer #1 · answered by JuanB 7 · 0⤊ 0⤋
Instant Gratification?
2007-09-05 12:58:16 · answer #2 · answered by Moses 3 · 0⤊ 0⤋
Immediate gratification, maybe?
2007-09-05 13:04:51 · answer #3 · answered by beccae1 1 · 0⤊ 0⤋