Friday, March 25, 2011

Nice article with several examples of companies trying to control Variable Costs....

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For producers, the key to staying competitive and profitable is to control variable costs. Variable costs are explicit costs that vary with...

Terrorist Economics 101---Choose a terror target based on the price of a ticket to that location. Sometimes it is that easy...

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Even terroists are captive of basic economics. Airplane tickets to more desirable terror targets (Houston, Chicago) were too expensive, so t...

Nice Graphic: Visual Data on Teen Drug Use...I wonder how accurate it is...

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By: HomeHealthTesting.com
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Major road repaired in 2 weeks in Japan...I wish this crew was working on 114 in Grapevine...

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 These two photos show a road devastated by March 11 massive earthquake (left) and the same road after restoration in Naka, Japan. The h...
Wednesday, March 23, 2011

The cost of the earthquake in Japan extends around the world...One small part brings auto production lines to a halt.

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It is quite amazing that ONE small part costing only $90.00 can bring auto production lines to a halt.  The costs of the earthquake in Japan...
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"Please don't squeeze the Taxpayer"---A toilet paper tax? Insert your own punchline...

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I generally accept the economic principle that if you want people to use less of something you put a tax on it, i.e. alcohol, cigarettes, et...
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Monday, March 21, 2011

Gas and Cars are considered Complements in Econ 101... But can they be Substitutes too? I guess that is learned in Econ 102....

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In Microeconomics we learn that a change in price of one good can have an affect on the demand for a second related good. That relationshi...
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Sunday, March 20, 2011

A State tries to re-write the rules on Elasticity of Demand. Smoke em' if you have em'...

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Here is a nice article loaded with Microeconomic concepts, such as taxes, elasticity, subsitutes and complements (hotel rooms and cigarettes...
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How close are you to a nuclear power plant? Are there others near-by? Easy link to find out.

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Click HERE to go to CNN Money and enter your zip code to find the nuclear power plant nearest you and how far others are away from you... ...
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Which source of energy is statistically the deadliest?...Are you sure about that?

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 Source: Carpe Diem  Note: TWH stands for "Terra-watt per hour".
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Wednesday, March 16, 2011

I am on vacation...will return on Sunday. Already have new entries percolating in my mind. :)

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Tuesday, March 15, 2011

The new I-Pad is thinner and has a camera---The component parts SHOULD cost more, right? Check here to see...

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Cost of the inputs that go into producing the I-Pad2, in their totality, have remained  about the same as the original I-Pad BUT it is consi...
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Who is the most dependent on Nuclear Power for its energy needs? Sacre Bleu! Dire qu'il n'est pas vrai...

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The Economist Daily Chart The important number is to the right---by percent, the importance of nuclear power to satisfy domestic energy ...
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10 Things You Don't Know About Steve Jobs---I was very surprised by ALL of them, but most disturbed by one in particular...

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...No Charity? Really, Steve? Gee Whiz...(Read the rest HERE ) 10 Things I Didn’t Know About Steve Jobs 6) He doesn’t give any money t...
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Teachers and would be teachers: Would you like to make $125,000 per year? View this video before you make up your mind...

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Below is from a recent "60 Minutes" episode.  I thought it was interesting and the trade-off it presents---a much higher than aver...
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