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Question: 1. Why do the brides spend so much money on wedding dresses, whereas grooms often rent cheap tuxedos? 2. Why do the airlines charge

Question:

1. Why do the brides spend so much money on wedding dresses, whereas grooms often rent cheap tuxedos?

2. Why do the airlines charge much more for tickets purchased at the last minute, yet Broadway theaters follow exactly the opposite practice?

Requires:

  1. Think like an Economist
  2. Explain the intuitive logic of Economics
  3. Apply economic reasoning to comprehend and solve problems in everyday life
  4. Better understand the complexities of human behavior

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