It's not true that first degree price discrimination results in zero consumer surplus. For example, in an auction (a case of first degree price discrimination) let's say the consumer intends to pay a maximum of $20. However, if the bid rises to $10 and by bidding $11, he will have no other challengers who would want to bid higher, he is able to ( Read more... )

Human beings consider themselves somewhat superior to other organisms in a sense that they have created things that the others are still attempting to even conceptualise. Things like all these money, politics, philosophy, science and even economics etc are probably very much considered of a higher order compared to what the organisms around us are ( Read more... )

I suddenly came out with a theory on my way to camp. I'll post it here and see what you guys think of it ( Read more... )

Consider this. If you suddenly, abruptly, unexpectedly passed on... consider these ( Read more... )

The userpic that I am using for this post is highly deceptive. The obvious reason being that this particular userpic is a "Xun Yu" userpic instead of a "Sua Ning" userpic. I, however, am Sua Ning ( Read more... )

I don't feel like blogging anymore ( Read more... )

Did you know that the primary sense of the rhinoceros is its sense of smell? Its sense of smell is the equivalent of Man's sense of sight. By using only smell, it can recreate in its mind a clear image of its surroundings, much as how we create this similar image with our eyes. However, because of its reliance on smell, its sense of sight is highly ( Read more... )

I learnt today that it is "with regard to" and not "with regardS to". There shouldn't be an S! I get the idea that I've been using "with regards to" so that's rather embarrasing now that I realised my mistake. If you consider that this "regard-regards" thing is probably one of the most useful and interesting things I learnt in my course this week, ( Read more... )

[Note: I have dated this entry one day earlier to ensure that the cool robot is at the top of the page when you access this lj ( Read more... )

THIS is funny!