Showing posts with label Markets. Show all posts
Showing posts with label Markets. Show all posts
Tuesday, July 18, 2017

Bacon and Supply/Demand Graphs. What a great breakfast combination.

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A nice article to practice graphing Supply and Demand.   America’s Lust for Bacon Is Pushing Pork Belly Prices to Records (Article an...
Friday, July 25, 2014

Something's fishy in Alaska in the canned salmon market. Let's go to the graphs.

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Another day, another easy pickin' economics lesson pulled from the headlines. "Alaska Governor asks the Federal Government to buy...

"I, Chocolate". Why is chocolate so cheap when SO MANY people have to get paid to get it to us?

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I cannot answer that question. No one can (we can only suppose).  It is part of the miracle that is markets operating in as free an environm...
Sunday, June 1, 2014

"Food Inflation" is on its way in 2014. But the reason for it is not what you may think it is.

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"Food inflation" is likely on its way to the US, and the world for that matter. When we here the word "inflation" the ...
Friday, May 16, 2014

Since 1994 we receive 150 more TV channels and but only watch an additional 7. Progress?

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The number of TV channels the average person can receive in their homes has increased 375% (189.1-40.4= 148.7/40.4 X 100) The number the ...

Where's the Beef? No, seriously, where is the beef!!

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Here is a look at the past, present and future of the Supply Side of the meat industry. This data is from the USDA ERS  for the years 2013, ...
Thursday, May 15, 2014

My response to a Social Media posting regarding a restaurant owner who pays his workers $21.00 per hour.

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There is a posting going around on Social Media (I have seen it on Facebook) about a restaurant owner and how much he pays his staff/waitst...
Thursday, August 16, 2012

Supply and Demand Extravaganza---Having fun with Lobster...

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Nice blog entry from Business Insider on the price of Lobster in Maine.  There are LOTS of microeconomics concepts embedded in this short...
Wednesday, August 15, 2012

A proposed Soda Tax--- Is it a "Lump-Sum Tax" or a "Per Unit Tax" and how does it affect the market graph in Microeconomics...Nice real-life example here

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Two cities in California are deciding whether or not to tax soft drinks of a particular sort. What will be interesting to teachers and stude...
Saturday, August 27, 2011

Who would you rather see after a natural disaster---A FEMA official or a Walmart Associate?

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   I have seen many stories on TV this morning about communities preparing for potential disaster on the East coast.  Much of the focus is o...
Wednesday, August 10, 2011

A simple, inexpensive product is saving lives in Somalia...Why do the inventors of this product NOT have a Nobel Prize?

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I learned something new today. It is one of those things that makes me wonder why the inventors of this product have not won an Nobel Prize....
Sunday, August 7, 2011

Look around your house. Do you have more living space then your really need? Do you have room(s) that are glorified storage spaces? Now you see the problem with our national housing policy.

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Yes, I do too... Before I became a teacher, I had a furniture upholstery business (Dallas/Ft Worth Area).  I was amazed at the number of ho...
Tuesday, July 26, 2011

Airlines are currently NOT collecting Federal Taxes on tickets you purchase. The price of your ticket should decrease by the amount of the tax, RIGHT? HA! Let me 'splain' to you what is happening---My graphs included for no charge---or tax.

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Because Congress did not fully fund the Federal Aviation Administration (FAA) in a bill last week, the FAA is NOT collecting some taxes that...
Sunday, May 15, 2011

"Do you want fries with that?" will soon be a phrase of the past...Is this a good thing???

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McDonald's is adopting point of sale technology in it's European restaurants that will reduce the need for labor, at the margin.  To...
1 comment:
Saturday, January 29, 2011

Do not buy your next airline ticket until you read this article! If may save you money...

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Buying an airline ticket has to be one of the most frustrating and mysterious purchases one can make. In economics it is best explained thro...

Forget Egypt and Oil Prices---What is happening in the Ivory Coast is REALLY going to hurt you personally

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Will there be a chocolate drought? World’s supply of sustainable cocoa could run out by 2014 ""The world faces a chocolate ‘drou...
1 comment:
Saturday, December 11, 2010

Find a niche and fill it...Rent the same Christmas tree for multiple years...

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I never heard of this before---you can "rent" a live Christmas tree AND have the same one year after year!! It is delivered, picke...
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