Wednesday, November 01, 2006

Another reason to study economics

An ec 10 student explains how economics enhances your appreciation of television:
I just was watching some West Wing in my room and they were talking about protecting pharmaceutical patents. The one guy says "Those pills cost them four cents a unit to make..." and the other guy says "You know that's not true! The second pill costs them four cents, the first pill costs them four hundred million dollars!" Just thought it was cool that I understood why this was and I wouldn't have a few weeks ago.