but if utility curves are log graphs...why do we stop eating at buffets? maybe the graph differs depending on wad we are consuming...if food was involved...we have constraints like the size of our stomach...maybe our curve would have a range/domain or wadever u call it...but money...like dun have limit...unless the bank got cap...maybe utility curves should be a log graph without any range or domain thing? tt would mean if our stomach has no limit...we would have kept eating to our next limit...either the restaurants supplies ran out or the benefit from eating the next drumstick diminish until it doesnt outweigh the benefit from the time we could have spent doing other things...opportunity cost...
Posted on: Sat, 09 Aug 2014 20:07:13 +0000
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