Friday, August 30, 2013

Marginal Costs vs. Marginal Benefits in Sports

Economics can be found in everyday life, even in the sports you play. Just about any sport requires you to be in shape, so many teams require conditioning. This extra exercise can often seem boring, repetitive, and exhausting, so why do people keep doing it? While these marginal costs may weigh heavy in someone's mind, most athletes will admit the monotonous conditioning is very much worth it. The marginal benefits, like a healthier lifestyle and a better performance in one's individual sport, from conditioning outweigh the marginal costs of boredom, exhaustion, and possible injuries. Therefore, you will continually see athletes running that extra sprint and doing those five extra push-ups even when their bodies are saying "no."