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Optimization problems |
Equilibrium problems |
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1. Should I buy a new car or keep my old one a while longer? |
1. Are new car prices likely to be lower next year? |
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2. Will I be happier working, or should I drop out of the rat race and live on hand-outs? |
2. Would generous “welfare” benefits for the unemployed raise the unemployment rate? |
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3. Should I buy a condo or live in a rental apartment? |
3. What determines the ratio between the annual rental of an apartment and its purchase price as a condominium? |
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4. Should narcotics laws be made stricter or more lenient? |
4. If use of narcotics were decriminalized, would drug usage increase? |
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5. Should our union go on strike, or had we better accept management’s offer? |
5. Do strikes raise the wage of workers? |
Utopia, you are standing in it! 
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