Rejection Cost. From the perspective that my profit is someone else’s loss, and someone else’s profit is my loss, the fact that I have to reject an opportunity to make money for my circumstances is a loss for me and an act of giving someone else a profit. In other words, my added value is not determined solely by productivity but also by the marginal utility generated by the law of supply and demand. Therefore, my labor price should reflect the value that I have given up—the profit I could have gained. If the rejection cost is not included in my profit, I will be at a loss to that extent. Failing to account for rejection costs in production expenses is not wise, but foolish, because it risks my survival. There is no absolute value in this world. All economic values are relative. - Joseph’s “just my thoughts”
No matter how long you know someone, you can’t truly understand the mind of that person. A person’s values become evident when they face a dilemma —the dilemma of being unable to choose one option over another. Dilemmas arise amid contradictions where logic clashes, and in response to concerns and fears stemming from uncertainty . The conflict of logic and fear reveals the true nature of humanity. The decisions a person makes while overcoming a dilemma ultimately shape who they are. People often say that the totality of our choices defines our lives, and accepting the consequences, whether good or bad, is a reflection of our character. - Joseph’s “just my thoughts”