Hidden Price Tags
Cost is a tricky thing. We are often fooled into believing we know what we are paying. We often overlook the fact that the price reflected on a tag, on a sticker, or in a menu is just the beginning. Everything comes with hidden price tags. Welcome to Rachelconomics 101 We will explore the hidden price tags of opportunity cost and emotional cost. For the mathematicians out there, my formula is this (Price + Maintenance Cost) + Emotional Cost + Opportunity Cost= Total Cost. I know the economics majors are choking right now, and I do apologize for throwing Rachelogic and Rachemath into yourRead More →