To what extent does one's background affect his or her perception of a given situation

One’s background affect his or her perception with given situations as this will set as a view in which what other people will likely think of him or her. A person’s background will likely affect how other people will view them and how they are viewed in everything they do. Example of a scenario of this is when an individual has a criminal record, they will likely not hire a person who has a criminal record because they think that he or she is already bad and not worth trusting.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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