Year 12s: what will be the first way you research your future options? >>

would you like to see a flat tax system?

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Reply 60

material breach

President_Ben

That isn't the assumption :rolleyes:

Utility maximisation is the assumption. :p:

What kind of sub-AS level economist are you? :confused:

Seriously, wage maximisation is not the objective of consumers in any model I've ever seen no matter how basic the book.

No I am suggesting that is an assumption you made as a person not as a economist. :p:

Tho I sometimes wonder where the economist in you ends and the person starts when I read you posts. :p:

President_Ben

Now, these three statements...

1. Yes.
2. What does 'best' mean? :confused:

There are ethical, economic (utilty maximising) and efficient (relative to input and relative to output) considerations here.
3. Yes.

Which ever makes you happy....

Reply 61

material breach

technik

20% on 10K is not equal to 20% on 100K. therefore it is not "the same amount".

sorry i left off... "as a percentage". Thought you would realise given what I had said in the sentence before.

Reply 62

President_Ben

material breach

Tho I sometimes wonder where the economist in you ends and the person starts when I read you posts. :p:

When I start posting about F1, football, London, eating, drinking, sex, ethics, chess, drinking, music, film, tv, drinking and drinking. And sex.

Though there is apparently someone on my course who can't keep the economics out of the bedroom which amuses the **** out of me :biggrin:

Reply 63

Evil-Tuna

Do they start off their moaning with a simple phillips curve and as the passion increases so does the complexity of the moans, eventually coming to a climax with a brief with in-depth discussion about the liquidity preference theory