Sunday, May 13, 2007

P=MC

MSC=MSB

walau econs is starting to not make any sense to me.
just look thru my notes and i realize that this is going to be my worst chapter for econs. totally dont understand why P=MC is equitable. apparently if u charge for streetlighting, which is non rivalrous in consumption the quantity used will drop below the socially optimal level. walau liddat then everything should also be free mah.
aiyah. still got tmr to go mug econs.
going out for dinner.

1 comment:

Anonymous said...

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