EconGoneCountry

Supply and demand with a twang

Title: 10,000 Hours

​Artist: Dan + Shay, Justin Bieber

Economic Concepts: Marginal benefit; Marginal cost; Diminishing marginal utility.   

Details: For many, love is more important than anything.  As such, it may be of no surprise that someone deeply in love would be 
willing to do whatever it takes to fully know that person and be with them forever.  From an economics perspective, the marginal benefit of learning about and knowing the one you love far exceeds the marginal cost.  Dan + Shay understand this and sing, "I'd spend ten thousand hours and ten thousand more. Oh, if that's what it takes to learn that sweet heart of yours."  Similar to "One More Day" by Diamond Rio, the law of diminishing marginal utility may explain consumption behavior, but it does not apply to true love.        

Lyrics: 
Do you love the rain, does it make you dance
When you're drunk with your friends at a party
What's your favorite song, does it make you smile
Do you think of me

When you close your eyes, tell me, what are you dreamin'
Everything, I wanna know it all

I'd spend ten thousand hours and ten thousand more
Oh, if that's what it takes to learn that sweet heart of yours
And I might never get there, but I'm gonna try
If it's ten thousand hours or the rest of my life
I'm gonna love you

Do you miss the road that you grew up on
Did you get your middle name from your grandma
When you think about your forever now, do you think of me

When you close your eyes, tell me, what are you dreamin'
Everything, I wanna know it all

I'd spend ten thousand hours and ten thousand more
Oh, if that's what it takes to learn that sweet heart of yours
And I might never get there, but I'm gonna try
If it's ten thousand hours or the rest of my life
I'm gonna love you
I'm gonna love you

Ooh, want the good and the bad and everything in between
Ooh, gotta cure my curiosity
Ooh, yeah

I'd spend ten thousand hours and ten thousand more
Oh, if that's what it takes to learn that
Sweet heart of yours
And I might never get there, but I'm gonna try
If it's ten thousand hours or the rest of my life   ​​​​