Wednesday, November 24, 2010

There can be only one!

GorbaChavez: does marginal utility explain why I can buy an iphone 3gs for $100 today, instead of $200 when it first came out?
Vanilla IceBerg: I think that's the law of demand.
GorbaChavez: "I demand this be cheaper!" (?)
Vanilla IceBerg: More or less.
Vanilla IceBerg: The price of any thing X falls, all else equal, in the presence of more substitutes for X.
GorbaChavez: so then I need to be the Highlander of all taco scented, witty, mexican developers
Vanilla IceBerg: Now you're getting it.

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