Why you should go for SFF outing

Econs pop quiz!

Say if your Alumni President asks you to go for the Singapore Fireworks Festival outing, but in order to do so, you have to forgo one evening's worth of studying. What is the true cost of going for the outing?

In order to comply to the President's invitation, your opportunity cost of going to the outing is one evening of studying time and the cost of transportation to get to tanjong rhu. By giving up your time to study, this will in turn cause a potential drop in grades. The true cost of attending the outing is equals to good grades + $0.90 (cost of two student bus rides).

Considering the cost of going for the outing, have you considered the marginal benefits?

Going for the SFF outing is the winning tradition of MJC Photography Club. Every year, students will travel to this place (no, not to touch a black stone) to take photos of the Singapore Fireworks Festival. Your journey as a MJC Photographer will only end the moment you cross the single wooden plank bridging you and the destination. When you step onto the wooden plank, it wavers, it shakes a bit, but you are undaunted. You are determined to finish this journey.

The country celebrates for your wonderful efforts put in the last 1.5 years as a college photographer. You are treated to an array of beautiful fireworks, congratulating you for the good work done.

As you stand in awe looking through your viewfinder admiring the wonderful fireworks, you are proud to be a MJC photographer. Your passage has ended.

It is time to cross back.

You join the Alumni Society of MJC Photography.
Eunice Welcomes You With Open Arms.

If you are a J1, WELCOME TO THE MJC PHOTOGRAPHY TRADITION!

P.S. the above question is truely an econs question, taken straight out of HE191 Introduction to Economics tutorial no.1.