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Economics

I wrote these skits for economics class in my Junior year. We were supposed to draw the definitions, but knowing me, I find a way to get out of almost all drawing assignments....

Law of Diminishing Marginal Utility

 

(Monday night dinner)

 

Savannah:  This pizza is so good.

 

Mom:  I am glad you like it honey.

 

Savannah:  Mom, I wish we could have pizza for every meal from now on.

 

Mom:  Are you sure about that sweetie?

 

Savannah:  Yes, I could never get sick of pizza.

 

Mom:  I know you would get sick of it eventually.

 

Savannah:  Nuh uh, not me, never.

 

Mom: We will just have to see about that.

 

(Tuesday night breakfast)

 

 

Savannah:  Mom, what are we having for breakfast?

 

Mom:  Pizza, just like you said you wanted.

 

Savannah:  Thanks Mom.  Wow, pizza for two meals in a row.

 

Mom:  Here you go sweetie.  Eat up.

 

Savannah: (eats pizza) That was so good.  Thanks again Mom.

 

Mom:  No problem Honey.  The bus is going to be here soon.  You don’t want to be late.

 

(Tuesday lunch at school)

Savannah:  I can’t believe its pizza day.  I just keep getting luckier and luckier.

 

Maria: How have you been lucky?

 

Savannah:  I had pizza last night, this morning, and I am having it right now.

 

Maria:  I would be getting sick of pizza.  How can you stand to have the same thing over and over again?

 

Savannah:  You sound like my mom.  I don’t know what is wrong with you guys, but I could never get sick of pizza.

 

Maria: That’s what I used to think about macaroni and cheese. Trust me; it gets old after having it so much.

 

Savannah:  Well, that’s not going to happen with me and pizza.

 

Maria: If you say so.

 

(Tuesday dinner)

 

Savannah: Are we having pizza again?

 

Mom:  Yes, I just got done making it.

 

Savannah:  All right.  I had pizza for lunch too.

 

 Mom: Did you now?

 

Savannah: Yeah.   Maria sat with me at lunch today.  She also said I would get sick of pizza.  But I told her that would never happen.

 

Mom: Never say never honey.

 

Savannah:  It looks so good.

 

Mom:  It’s the same thing you had last night and this morning.

 

Savannah:  I know.  It still looks so good though.

 

Mom:  Here it is honey. (She hands it to Savannah)

 

Savannah: (She eats the pizza)  That was good, thanks Mommy.

 

Mom:  You are welcome sweetie.

 

 

(Savannah had a two week vacation from school starting Wednesday, and for every meal for two weeks, Savannah was served pizza.)

 

Savannah: (on the phone with Maria) Maria, I can’t take it anymore.  My mom has served pizza for every meal for the past 2 weeks.  I don’t know what to do.  I don’t want to eat anymore of it, but I don’t want to make her think that I know she was right.

 

Maria: Just tell her.  I am sure your mother is absolutely sick of pizza as well.  Your mom isn’t the type to ever give in.  She always gets her point across.  I know you don’t really care to hear this, but, you are just like her.  You don’t want to give up because you want to prove your point.

 

Savannah:  I am not like my mother.  She is the most stubborn person in the world.

 

Maria:  Well, what about you?  You are insisting to continually eat pizza, just to make your point.  You have called me every night for the past week complaining about it.  You are my best friend and all, but please, if you are going to call me, don’t just complain to me.  I am sorry, but I have other things to do.  I’ll see you at school on Monday.  (hangs up)

 

Savannah:  (to herself) Yeah, I mine as well tell her.

 

(Saturday dinner time)

 

Savannah:  Mom, I am sick of pizza.  I have been for the last week. 

 

Mom:  I knew that. 

 

Savannah:  Then why did you continue to make pizza every night?

 

Mom:  I was waiting for you to admit you were wrong.

 

Savannah: Oh.  Well, I understand.  I never want to have pizza again.

 

Mom: Never say never.

Paul:  Tim, remember when Gas used to cost $2.30 a gallon.

 

Tim:  Yeah, that was so long ago.

 

Paul:  Not if you think about it.  It took a long time for this to happen.

 

Tim:  What do you mean?

 

Paul:  It was $2.00 for 5 years, the $1.90.  It was a slow process.

 

Tim:  Yeah, but it took a huge dip when hundreds of people found natural oil fills in their

back yards.

 

Paul:  Tell me about it, now anyone can get into the gasoline business.

 

Tim:  I was thinking about that.  Why don’t we go into the business?  We have been

 

business partners before.

 

Paul:  Are you kidding me, there would be no profit in it for us.

 

Tim:  Why wouldn’t there be?

 

Paul:  Think about it Tim, there are now thousands of oil companies now, all with the same products.  Gasoline falls under perfect competition now.  The only way consumers would buy our products, is if we sold it at the price we pay for it, or if we sold it for less, in which we would make a loss.

 

Tim:  How do you know all of this?

 

Paul:  Tim, it is called the internet.  Everything you could possibly want to know about gasoline and the companies that sell it is on there.

 

Tim:  Okay, so what else could we enter into?

 

Paul:  I’ve been thinking about it, and I really haven’t come up with anything.  Anything that is easy to enter into, won’t make us much profit.

 

Tim:  Well for now, I don’t need to make much profit, as long as we make some kind of gain.

 

Paul:  It is too risky.  Look, I am about to be late for an interview.

 

Tim:  What is your interview about?

 

Paul:  Well, I may go into teaching economics.  I am qualified for it, and it’s something I always wanted to do.

 

Tim:  Okay, I will see you later then.  Good luck.

 

Paul:  Thanks.  Bye.

 

Tim: Bye.