Economics Essay Example | Topics and Well Written Essays - 500 words

Economics - Essay ExampleTaking into this account, how might my individualised behavior patterns show a different type of decision process? I was at a fast solid food place once grabbing a burger to eat. Inevitably, upselling at the end of the transaction occurs where they offer french fries and a drink. I almost instinctivey said Yes, then began to do marginal analysis. I would save money, scarce how much? Looking at the menu, I found that the a la carte cost would be thirty cents more. I didnt really want fries and a drink, I would only dupe purchased it out of an irrational desire not to miss a deal even when the deal is not necessary. I ended up changing my mind and saying no and was very glad to have saved the two dollars. The marginal benefit of the additional food and the beverage did not eclipse the marginal cost, even though I had lost an opportunity and therefore incurred opportunity cost by not wedlock the meal. Normally, I would have chosen such a meal I just happene d to be thinking about it. I might even have ingested the calories happily, not realizing I actually hadnt been that hungry, causing me to eat more than my plan for the day. The fast food place thus already has a powerful fillip The desire for people to avoid a missed opportunity combined with a nominal discount on associated items.