EconGoneCountry

Supply and demand with a twang

Title: One More Day

​Artist: Diamond Rio

Economic Concepts: Marginal benefit ; Diminishing marginal utility

Details: If you were granted one wish, what would it be?  For some, they would choose to spend more time with their loved ones.  In a dream, a man is granted a wish and doesn't ask for material goods or money, but rather to spend one more day with the person he loves.  The marginal benefit from this exceeds that of anything else on earth.  "A wish was granted just for me, it could be for anything.  I didn't ask for money or a mansion in Malibu, I simply wished for one more day with you!"

        Although we think consumers are subject to the law of diminishing marginal utility, it appears that the additional utility from spending more time with his true love will never diminish.  "One more sunset, maybe I'd be satisfied.  But then again, I know what it would do.  Leave me wishing still for one more day with you."          

Lyrics: 

Last night I had a crazy dream
A wish was granted just for me
It could be for anything
I didn't ask for money
Or a mansion in Malibu
I simply wished for one more day with you!

One more day, one more time
One more sunset, maybe I'd be satisfied
But then again, I know what it would do
Leave me wishing still for one more day with you
One more day

First thing I'd do is pray for time to crawl
I'd unplug the telephone and keep the t.v off
I'd hold you every second
Say a million I love you's
That's what I'd do with one more day with you

One more day, one more time
One more sunset maybe I'd be satisfied
But then again I know what it would do
Leave me wishing still for one more day with you

One more day, one more time
One more sunset maybe I'd be satisfied
But then again I know what it would do
Leave me wishing still for one more day
Leave me wishing still for one more day
Leave me wishing still for one more day with you.