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I think this is an obvious answer, but maybe I'm dense!
So not sure if this belongs in this sub-group, but let me explain my question below
Say I have a budget of $\$ 50$ for gas and $\$50$ for entertainment. I cannot cross between those two pots. So even though i have $\$ 100$ i′ve got 50% flex in terms of efficiently using my dollars.
So slightly more complicated what if i now had $\$ 10$ for gas and $\$ 90$ that could be used for gas OR entertainment? It's not really 50% flex because i am able to use my dollars more efficiently now.
How do i calculate this in a meaningful way? In other words i am X% more efficient in the $\$ 90$ and $\$ 10$ distribution vs the $\$ 50$ and $\$ 50$ distribution.
Thanks for any help you can provide.
So not sure if this belongs in this sub-group, but let me explain my question below
Say I have a budget of $\$ 50$ for gas and $\$50$ for entertainment. I cannot cross between those two pots. So even though i have $\$ 100$ i′ve got 50% flex in terms of efficiently using my dollars.
So slightly more complicated what if i now had $\$ 10$ for gas and $\$ 90$ that could be used for gas OR entertainment? It's not really 50% flex because i am able to use my dollars more efficiently now.
How do i calculate this in a meaningful way? In other words i am X% more efficient in the $\$ 90$ and $\$ 10$ distribution vs the $\$ 50$ and $\$ 50$ distribution.
Thanks for any help you can provide.
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