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re: Why do OT Ballers hate diamonds and new cars?
Posted on 4/23/18 at 9:13 am to Powerman
Posted on 4/23/18 at 9:13 am to Powerman
quote:
Do you really need a lesson in this? This is like first day of micro.
For the buyer: If you buy a $1 potato, is the potato worth more or less to you than $1? It's worth more to you or you would have just kept your $1.
For the seller: If you sell a potato for $1, the potato is actually worth less to you than $1 or you would have just kept the potato.
Posted on 4/23/18 at 9:15 am to Pecker
quote:
Do you really need a lesson in this? This is like first day of micro.
For the buyer: If you buy a $1 potato, is the potato worth more or less to you than $1? It's worth more to you or you would have just kept your $1.
For the seller: If you sell a potato for $1, the potato is actually worth less to you than $1 or you would have just kept the potato.
That might be what the text book tells you
Not sure that's really accurate
I've spent money on things and didn't think it was worth more than what I was paying for it. Sometimes I just really don't care about being frugal.
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