(3) Mon Apr 19 2004 18:15 Yet more evidence school has taken completely over: John will be happy to know that on the way back from school, neeki & were discussing how to find our point of allocative efficency (where MC=MB) of leisure time vs. working time on our personal production possibilities frontier.
Posted by John at Tue Apr 20 2004 04:08
Good! I don't want to hear about diminishing returns on your ability to learn learn learn!
But then you have to wonder about utility and your indifference curves and whether or not one or both or neither of those things have the possibility of increasing said indifference curve. Plus, there are also your isoquants, because you're not just a consumer of time, you're also a producer of things. Moral of the story: don't take econ classes unless you're prepared.
Posted by Rachel at Thu Apr 22 2004 23:19
somehow I think I'll never really be prepared for econ...
too bad it is required by my major