Tag: opportunity costs

Dying to Get a Couch

Post author By Jadrian Wooten
Post date January 1, 2021

A man died on an expensive couch in the store, but both Cheyenne and Mateo want the couch. It’s not clear who deserves the couch, so they determine the best way to allocate the couch should be based on who sits on the couch the longest. Rather than having them pay for the couch in an auction, they will pay for the couch with their time.

Tags allocation, opportunity costs, rationing, tradeoffs

Labor Principles

Determining Shift Assignments

Post author By Jadrian Wooten
Post date January 1, 2021

Amy asks Garett to finish the shift assignments, but he’d rather finish eating his lunch. Mateo jumps at the opportunity to make shift assignments and provide retribution for wrongs that have been done.

Tags cost benefit analysis, decision making, motivation, opportunity costs, resource allocation, tradeoffs, utility