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Subjected Value
I haven't ate in days, i would rather have food.
I would rather have some jewley than food.
Nike
Economic Calculation Problem
Gamestop
I dont\'t know what to buy or make for my new friend, i don;t know what she likes or prefers
Amrican Eagle
The Law of Marginal Utility
I love cupcakes but this is too many cupcakes.
People choose what they value based on what they already have. That's how preferences are created.
Opportunity Cost
Should we travel by plane or car?
We will save more money if we travel on a plane because we will have to pay for gas if we go in a car.
Companies/Businesses don't know what to produce because they don't know what people like or prefer.
Cost/Benefit Analysis
Shoulg i go out or do homework? Which one is going to benefit me more?
As the consumption increases the satisfaction for a specific item will decrease.
The invisible hand
Have you seen those tiktoks about that new lotion
YES! I bought as soon as i saw!
Opportunity cost helps analyse the best option that could be made.
Cost/Benefit analysis is determining things from one another to see which one will have the better outcome.
Let's Go out to a party
Trends or things that aren't shown as ads make things a trend in order for people to buy those specific items

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