According to the Law of Diminishing Returns, the MP of a variable factor will eventually fall, but may rise at first.

1.     Why does MP rise at first?

2.    Why does it eventually fall?

#1 Obviously because i’m a mother fucking mage.

#2 Got into a fight with mushmom.

Nomic Data In United States Econ ¢ Exchange Rate Impact : http://ping.fm/nFkuP

If "Freedom isn't free" how can free trade be free?

Note on FDR’s quote

Have any of you been to a baseball game where there were no rules? Of course, not. How would you know who won the game or even if someone scored? Have any of you been to a baseball game without an Umpire? If you have, you would know what a mess it is!

The market works in the same manner, if it is total “Laissez faire” (unregulated) it can’t be fair. There is an invisible hand “fixing” the game for 99% of us to lose and we’re set up to fail. Economic laws are not divine laws, they’re merely tools to be applied for a more just and beneficial society for all. People often feels hopeless and powerless thinking that economy is something for Wall Street, not Main Street however this can and has to change. “We The People” need to realize that we can control the market and refocus our priorities: People before Profit!

the econ TA crush and I by ourselves in discussion.

and all i could say is……… ” uhm why do recessions happen?”

#UCSDgirlproblems

at least he thought it was a smart question.

A Russian economist says: “There was no unemployment in the former Soviet Union, but I believe the Soviet economy pro-duced at a point below its PPF.”  How could this statement be correct?

They were too busy Russian everywhere, if they slowed down they would have produced more efficiently.

Why You Don't Go to the Gym

theatlantic.com

“…More chose the monthly contract and only went to the gym four times a month. As a result, they paid 70 percent more per visit than they would have under the plan they rejected. Why? Because people are too optimistic that they can become gym rats, which would make the monthly package “worth it.” Silly them. You might call this behavior “laziness.” Economists prefer “hyperbolic discounting.” This is the theory that we pay more attention to our short-term well-being and “discount” rewards that might come further down the road.” -Derek Thompson

“To look is one thing. To see what you look at is another. To understand what you see is a third. To learn from what you understand is still something else. But to act on what you learn is what really matters.”

—quoted by Sir Vlad
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