Opportunity cost of getting to econ after a night on the town > marginal benefit of attending class
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Clearly you've never woken up in a jail cell. Trust me, after a certain point even beer has diminishing marginal utility.
423 - i think it has been proven that beer..and getting head are the only things on this earth that defy the whole case of diminishing marginal utility
This is most def a UT 1st year MBA. 8 am Econ blows
This is so true. I hate my Econ class.
As an econ student, I love this.
Opportunity cost should read marginal cost. Good luck on your final!
This text makes the 4 hours I actually did spend in macro class makes it all worthwhile. And I'm an Econ major (please, hold the laughter. I know).
Economist can be funny too!
hahah this is amazing.
1243 i think most people understood the meaning and context. 1. OP prob still drunk. 2. its douchey to get technical when everyone else understood the context. we get it. its cost.OPs prob failing!
6:25 is correct. It's not opportunity cost in this context. It's that the cost or "pain" of going is not worth paying for the assumed marginal benefit of what he'll learn. So obviously the OP and all of you who unquestionably salivated At the attempted humor need Econ for Dummies.
Shit, I left the kitten in the freezer again.
Also take economics. Class act. Sexy too.
Then it might be beneficial to exit the marketplace....
if this is todd, i hope you seriously choke.
Ken Baker would be proud.
Wow... Micro Eco is finally funny lol
Skipped econ today to get my break started early. Nice text.
hahaha this is one of the first witty, original TFLNs i've seen in a while
"Cost" is more accurate than "opportunity cost" in this context because he is not emphasizing any opportunity he's missing by going to class so much as he's emphasizing how brutal it would be to drag his ass out of class.
Professor Flynn all the way!!!! Lahhwwwwww of demand!!!!
626 - sure have. use the paddy wagon as my personal taxi. no dui, no hotel costs, no cab costs. win-win-win!
Excellently put. However,
the Long Run average cost of missing class > the marginal benefit of skipping
this is all under the assumption you are a shitty student.
Did you get laid the night before? in which case SR marginal benefit of getting laid > SR benefit of class
Haha as an econ major and a senior I love it!!!
4:24, I happened to do the same
I support this as a college student and an econ major.
This could be right. What's he giving up by going to class? Rest and recovery. Maybe even morning sex. If that's his opportunity cost I'd agree it's greater than the marginal benefit of misery sitting through a 1.5 hr lecture.
Dude, I got my entire econ degree operating on this principle. And it wasn't even alcoholism, just laziness.
his opportunity cost is a decling in gross productivity. Unless he is staying home to do homework.
hahahahah first tfln that made me sincerely laugh in a while
I majored in Econ. Good shit!
Hahah love it... Would be better if u added in the diminishing marginal utility of each beer from the night before...
Welp. You missed an exam. All UT Econ classes had exams this half week, douche bag.
Umm last time I checked, it's not only "Canadian economics" that have the LRAS curve.
1.19- yes, because everyone from 865 area obviously goes to UT....
I'm a 469 living 3 hours away in a 405 area for school. People move when they go to college, and usually don't change their numbers.
i use this phrase often. :)