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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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