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The unemployed person in my scenario is willing to forgo the opportunity to buy food, pay rent, or buy literally anything else. The tech worker is paying a negl
by burkaman 7y ago
The unemployed person in my scenario is willing to forgo the opportunity to buy food, pay rent, or buy literally anything else. The tech worker is paying a negligible opportunity cost, as they have tens of thousands in their checking account and paying $600 has no effect on their ability to purchase food, rent, or anything else they want.
If I as the merchant believe the amount of money someone is willing to pay is equivalent to the opportunity cost they're willing to incur, I have to assume the person offering $600 wants it more.