discussions and responds to post



Discussion 2: Making Irrational Choices



Respond to the following prompts in a post with a minimum of 200 words, then comment on at least TWO other posts.

  • Brainstorm common items that you think consumers pay too much for or that you think are overpriced (i.e. movie theater popcorn, brand name items, souvenirs,, etc.). Now think of something more specific, either something that you or someone who know has purchased. For example, I know someone with a baby who was traveling and purchased a small pouch of baby food for $2.00, when even more baby food could have been purchased in a jar for around $0.50.
  • Write about your example, then use the principles you’ve learned about (like scarcity, opportunity cost, rationality, and marginal analysis) to explain why a person would make the decision to purchase that good.






Hello Everyone,

When planning to stay to Las Vegas more people will pay around $280 a night to say on the Stripe at popular hotels like the Luxor or Circus Circus. When they could still stay in Las Vegas away from the strip for around 50 percent less a night at a cost of $180 dollars a night. Scarcity which means in short supply this doesn’t apply to this situation because there are many hotels in Las Vegas. Opportunity cost is the loss of potential gain by way of other alternatives when one alternative is chosen. For instance, in this case people choose hotel on the Las Vegas Strip because you are in the middle of all the casino, but you could have these same experiments if you stayed at a hotel that isn’t on the Strip. Rationally is define as the quality of being based on the accordance with reason or logic. In this scenario I understand the logic of wanted to stay on the Strip because its more convenient because it isn’t cost effective. Marginal analysis is the examination of costs and benefits of certain activities in this case its hotel cost. It’s a fact that hotel cost more than hotel on the Strip and hotel that are not on the Strip are cheaper.






I have a close friend who recently bought a TRD off road Toyota Tacoma at an MSRP of 60k. Normally these types of trucks are priced slightly above 35k. Due to Covid 19, many production companies shut down and there was less man power to produce products and the semiconductors industry was affected the most. It has affected the tech industry and auto industry causing a production disruption that has not allowed them to keep up with the demand. The result of this has been a mark up on new vehicles and used vehicles, as there are less cars being produced and the demand continues to increase. Based on the high demand the consumers are willing to pay excessive mark ups to be able to obtain a vehicle to do their day to day activities. Opportunity cost definitely comes into play in making sure that the new car purchase outweighs the price. In my friends case he used made a decision using rational thinking and compared the marginal benefit to the marginal cost and take the decision of purchasing the truck at the given price, even though the truck is expensive compared to the prices he believes he paid a fair price. Primarily he uses truck to transport himself from point A to point B and to carry his tools to work. Work leads him to earning his wages and the wages to be pay for the cost of living including the car payment.




Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Paper Helper has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!


Essay Writing Services

At Paper Helper, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.


Admission Papers

You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!


Editing and Proofreading

Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.


Technical papers

We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.


College Essay Writing

If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!


Quality Assignment/Homework Help

We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.

togel macau slot resmi slot auto maxwin togel terbesar bocoran admin jarwo data macau