Posted by: nepalilaure June 23, 2014
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Kiddo, you are right. The CEO guy is using the 'accounting' rather than economics.
Pretty is too pretty that any normal man will experience a positively sloping or at least a horizontal marginal utility curve, for at least 10 more years ;). After 10 years, the CEO guy will already be old that he won't be able to gain any positive utility not matter how hot is the commodity.
Pretty is too pretty that any normal man will experience a positively sloping or at least a horizontal marginal utility curve, for at least 10 more years ;). After 10 years, the CEO guy will already be old that he won't be able to gain any positive utility not matter how hot is the commodity.