The Fung-Wah Fun

The Fung-Wah bus company runs hourly buses between Boston and New York’s Chinatown, for a ridiculously low fare of $10. As proud students of economics 11, we deduced that in this instance the marginal benefit clearly exceeded the marginal cost. Just trying to get on the bus was an adventure. We had tickets for the 12:30 p.m. bus; yet, at 12:35, we were standing with roughly 200 people, nearly half of whom were fluently speaking Chinese, waiting at a random corner in New York’s Chinatown. To our