heard the saying, "More trouble than its worth?"
Rational people will make decisions based on if the marginal benefits exceed the marginal cost. If you buy a used car, and plan to spend $10,000, but the car is only priced at $6,000, would you still buy it if it needed $5,000 in repairs? of course not because 1) you are a rational thinker and 2) you would end up spending more than you planned to. :)
Rational people typically view the margin as a critical concept in decision-making and financial analysis, as it represents the difference between costs and revenue. It allows for a clearer understanding of profitability and efficiency, enabling informed choices about resource allocation and pricing strategies. Additionally, maintaining a healthy margin is essential for sustaining business operations and ensuring long-term viability. Overall, a focus on margin reflects a pragmatic approach to managing risks and maximizing returns.
- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives
There are actually ten principles of economic decision making. The first four are, people face trade offs, the cost of something is what you give up to get it, rational people think at the margin, and people respond to incentives.
people find me rational at specific times
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People who think.Thinks is the third person singular form of think. Use thinks when you have he/she/it or a singular noun subject.eg He thinks you are irresponsible. The Doctor thinks you are very sick.
Terrorism is rational because the people who Flippin bombed america.
Yes and no. Most of the time, no. But, their are very rational people out there. You just have to look closely
Alcohol, by a huge margin.
people thinks she is nice . but she is nasty and she thinks she is absolutely cool . when she is not so much i think.
If they had bought a very large amount of stock on margin (and many did) and the "margin call" came in shortly after that with the market collapse (and it happened to countless people) they were, in effect, instantly bankrupt.
the margin of the continental