Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Thursday, June 17, 2004

Marginal Benefits = Marginal Costs?

In principles (and higher level) economics courses, we neo-conservative economists like to preach the good word that decisions are consistent with rationality, preference, and local nonsatiation. We also like to think that decisions are made so that the marginal benefits equal the marginal costs. Well, the real world is a bit more fickle about the information that we have at any given time.

I am sure that this guy figured on having his Ferrari for a lot longer than he did.

In the end, the author figures that each minute in the Ferrari cost $80,000 per minute.

Did the Marginal Benefits equal the Marginal Costs?

Comments: Post a Comment



Purchase




Le Chai - galerie du vin



Support



Popularity

Posts that contain Craig Depken per day for the last 90 days.



Contacts

Heavy Lifting's Main Page
Email Me
Atom Feed

WWW
Heavy Lifting




Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)



Recent Posts

- Marginal Benefits = Marginal Costs?




Archives


home


Visitors
Site Meter Blogroll Me!



Credits

Modified maystar design
powered by blogger