Should I get a job during the summer? | Cost Benefits | | Less sleeping time(short term) Having my own money to spend(short term) | | No time to hang out with friends(short term) experience of having a job(long term)Less time to work on online course(short term) learning the value of money( long term) 1. Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma.The opportunity cost would be having less time to spend hanging out with friends and family but I will be making my own money and having the experience of working. For scarcity it would be instead of me just hanging out with my friends all the time I will have a job and learn how to manage money and learn the value of having money. 2. When making a decision, are the costs and benefits equally important to you? Why or why not? Based on your chart, explain which category, costs or benefits, and would have the largest impact on your decision? When I make a decision the costs and the benefits are important to me because I like to see which one outweighs the other and whichever one seems more practical I will go with it. The benefits will have the largest impact on my decision because the benefits outweigh the costs.3. Based on the chart and your responses to the above questions, what will be your final choice? Write a brief paragraph with at least three details to persuade your instructor that this is the best decision.My final choice will be to get a job during the summer. This decision is the best decision because instead of relying on my parents to give me money I will have my own money to spend. Another reason is it will be nice to experience what it’s like to have a job and earn my own