Thursday, November 10, 2022

(Advanced) The paradox of value



Watch:

The paradox of value


A

Listen then explain these things to your partner:



Desert

"Exchange" Value

Later time

Opportunity cost

"Marginal" utility

The law of diminishing marginal utility

Maximise utility



B

Listen then explain these things to your partner:


Game Show

Adam Smith

"Use" value

Current situation

Utility

Burden

All decisions

The ultimate source of value



Collocations




Quizlet recap

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