Sunday, October 21, 2012

Changing laws

It is the law of diminishing returns or the law of marginal utility that determines whether your second cup of coffee is as good as the first? Of course, it's economics but sometimes it's just all about taste - and what you feel like at the time. And what was the name of our Economics teacher at Meadowbank Tech who taught us everything we needed to know (but not necessarily remember) about Economics using examples based on tomatoes and hi-fis (it was a little while ago)!!

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