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This song was written by a procrastinating Econ 101 student:
“Girl, Your Marginal Benefit Is Far Greater Than Your Marginal Cost”
The tune is quite catchy. If you listen to the lyrics carefully, though, you will see that the singer/songwriter probably should have spent more time studying for the exam and less time writing this great song…the economics concepts described are pretty suspect! Perhaps blog readers can identify some of the economic missteps in the lyrics so this young man doesn’t fail his exam.
(Thanks to James Somers for passing this along.)
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I couldn’t hear much (ear problem, I guess, but that’s why I don’t follow podcasts), but I found the lyrics:
Girl, being with you has always been so tough
With each passing minute, your marginal cost goes up
But my love is inelastic and it all belongs to you
I’m the only love producer, and my good is for you to consume
Because girl your marginal benefit far outweighs your marginal cost
Without our equilibrium baby, you know I’d be lost
Trapped inside this market I need you, to buy my love
Girl without your complementing goods, I’m not enough
Now you say that I’m producing, below my ATC
But I’m optimizing quantity baby, why can’t you see?
We could share this surplus, each and every day
If you would just buy my love, I’ll make my fixed costs go away
Baby I want to keep you for the long run, Oh yeah
I think our supply and demand, will become one…
Because girl your marginal benefit far outweighs your marginal cost
Without our equilibrium baby, you know I’d be lost
Long run equilibrium is no place for me
I need the profits of our love, to grow exponentially.
Now… I AM REALLY ROFLING
I couldn’t hear much (ear problem, I guess, but that’s why I don’t follow podcasts), but I found the lyrics:
Girl, being with you has always been so tough
With each passing minute, your marginal cost goes up
But my love is inelastic and it all belongs to you
I’m the only love producer, and my good is for you to consume
Because girl your marginal benefit far outweighs your marginal cost
Without our equilibrium baby, you know I’d be lost
Trapped inside this market I need you, to buy my love
Girl without your complementing goods, I’m not enough
Now you say that I’m producing, below my ATC
But I’m optimizing quantity baby, why can’t you see?
We could share this surplus, each and every day
If you would just buy my love, I’ll make my fixed costs go away
Baby I want to keep you for the long run, Oh yeah
I think our supply and demand, will become one…
Because girl your marginal benefit far outweighs your marginal cost
Without our equilibrium baby, you know I’d be lost
Long run equilibrium is no place for me
I need the profits of our love, to grow exponentially.
Now… I AM REALLY ROFLING
How sound is your curve?
.lermit
How sound is your curve?
.lermit
Ooh, that’s a Laffer.
Ooh, that’s a Laffer.
Where the transcription says
Because girl your marginal benefit far outweighs your marginal cost
it should actually say
Because girl your marginal benefit far outweighs your marginal cost_s_
Thanks!
.lermit
Where the transcription says
Because girl your marginal benefit far outweighs your marginal cost
it should actually say
Because girl your marginal benefit far outweighs your marginal cost_s_
Thanks!
.lermit