ECN 340 Chapter Notes -Stephen J. Dubner, Steven Levitt, Peanut Butter
11 Dec 2013
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Sex is simply another service that is wanted and supplied. Law of demand: price of sex goes down demand goes up. Prostitutes know very well: higher price, fewer tricks . Men demand more units of sex when the price drops. A women"s opportunity cost for using 1 of her eggs for pregnancy is higher than a males opportunity cost for using one of his sperms. The opportunity cost of time spent in the sexual act may be a small part of the total cost ( winging & dining ) involved in either the production or procurement of sec. The expenditure of action (a males orgasm alone requires approximately 200 calories) The psychic cost of violating one"s own moral standards. The damaged reputation cost which may be incurred if one"s family or friend"s find out about their sex. The cost of time spent plotting & maneuvering to get to the position they are in (finally having sex)
