I am fairly confused as well, but the parent post might mean opportunity costs.
If when you are young you can buy 10 utilons per dollar and when you are older you can get 20 utilons per dollar then spending the same amount of dollars on your kids represents a greater “loss” of utilons at the later age.
I am fairly confused as well, but the parent post might mean opportunity costs.
If when you are young you can buy 10 utilons per dollar and when you are older you can get 20 utilons per dollar then spending the same amount of dollars on your kids represents a greater “loss” of utilons at the later age.