There are many instances of weighing monetary costs and benefits, but here is an everyday example of a decision everyone has to
make: floss every day, or accept the consequences of losing teeth. When comparing marginal cost with marginal
benefit, you have to know how much flossing, or even dentist checkups, affects
how many teeth you will lose. In this
chart, it shows how many teeth remain naturally versus how many remain when the
person gets regular checkups. So what
people have to decide is whether the time it takes to get checkups and floss is
worth the couple of teeth that they will be able to keep in the long run. In this, like other decisions, one has to
take into account opportunity cost; what are you giving up to take the time to
floss? In 64% of cases of lost teeth,
they attribute it to decayed teeth—which is a result of not brushing teeth--
whereas only 28% were from bad gums, which is caused by not flossing. This link has more research and statistics
regarding the issue:
Caplan, Bryan. "The Marginal Tooth." , Bryan
Caplan. Liberty Fund, Inc., 2012. Web. 15 Dec. 2012.
Adult Dental Health Survey: Total Tooth Loss in the United
Kingdom in 1998 and Implications for the Future." Nature.com.
Nature Publishing Group, 9 Dec. 2000. Web. 15 Dec. 2012.
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