Curiosity!

There are a few standard assumptions about what an indifference map can and cannot look like. Which are these assumptions, and what reasoning lies behind them? Assumptions about indifference curves: 1) A consumer always prefers points that are to the northeast of a given point and, vice versa, prefers a given point...

What are the significance of supply and demand curve? Economists use the model of supply and demand to analyze competitive markets. In a competitive market, there are many buyers and sellers, each of whom has little or no influence on the market price. The demand curve shows how the quantity of a good demanded depends...

Why mixed economies exist? Mixed economies exist for better allocation of resources: 1) Private sector functions on profit basis producing goods and services that are in demand2) Public sector caters to the social interests of the economy, producing goods and services that are: a) Intrinsically desirable...

English has been one of the most peculiar language in the world. Not only we are being slapped with different tone and pronunciation for almost similar style of writing, for example: tough, though, rough, etc. The language is also a surprise as you can find the longest word in English accounts for more than 45 letters!  The...

China is no doubt famous for its highly intelligent people especially in the area of Mathematics. So, no wonder Chinese people have mastered and controlled businesses and economies around the globe. Recently, one Maths question from Chinese elementary school has been a talk of the town and this viral question really strikes...

Portugal: Continental Portugal is in Europe, while the Azores archipelago (also associated with Europe) has two islands (Corvo and Flores) that are part of the American plate (which makes it a tricontinental country)...

Although there is no conclusive proof that antioxidants keep skin from aging, experts do agree they have the ability to capture free radicals and may protect us from certain diseases. Antioxidant-rich foods can also give us a healthier, glowing complexion. According to Susan M. Kleiner, R.D., Ph.D, a Seattle-based...

Hair is simple in structure, but has important functions in social functioning. Hair is made of a tough protein called keratin. A hair follicle anchors each hair into the skin. The hair bulb forms the base of the hair follicle. In the hair bulb, living cells divide and grow to build the hair shaft. Blood vessels nourish...

Human beings grow from small baby to large adult and we can see over time especially during puberty our height increases and our hands and legs getting bigger and longer. But a question arises whether or not our eyes ever grow? And guess what! The eyeball is the only organism which does not grow from birth. It is fully...

A barcode (also bar code) is an optical, machine-readable, representation of data; the data usually describes something about the object that carries the barcode. Traditional barcodes systematically represent data by varying the widths and spacings of parallel lines, and may be referred to as linear or one-dimensional...

Africa is one of the biggest continent in the world and there are about 54 countries in the African continent alone! (According to the statistics by United Nation). However big the African is there is a country that does not join the African Union. Guess which country? Morocco. Morocco is the only African country not...