Posts Tagged ‘opportunity cost’

  • Sporting Decisions

    Sep 13, 10 • 110 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Government, Thinking EconomicallyNo Comments

    http://www.nytimes.com/2010/09/08/sports/08stadium.html Why have you heard of Green Bay, Wisconsin? The Green Bay Packers. The location of a sports team and their stadium affects a community. Some say, though, that the affect is negative. New Jersey currently...

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    Apples, Oranges, and Government Pay

    Aug 22, 10 • 98 Views • Government, Labor, Thinking EconomicallyNo Comments

    Hearing that federal employees earn more than people working in the private sector, how should we respond? Let’s look at the facts. Assessing someone’s earnings involves salaries and benefits.  According to the BEA (Bureau of Economic...

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    More Water Dilemmas

    May 26, 10 • 164 Views • Economic Debates, Environment, Government, Thinking EconomicallyNo Comments

    Bottled water has been around for a long time. Bottled Perrier was introduced in 1863 while people first drank a bottled Poland Spring product 13 years later. With bottled water consumption having increased until the recent economic contraction,...

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    No Free Lunch

    May 24, 10 • 91 Views • Thinking EconomicallyNo Comments

    In NYC, new pedestrian plazas are easing harried city life. Sitting in the middle of a once busy street where traffic congregated, now, you can relax at a table, drink some coffee and enjoy a sandwich. The only problem is the opportunity cost. Pedestrian...

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    More on the Movies

    Apr 13, 10 • 126 Views • Businesses, Entertainment, Thinking EconomicallyNo Comments

    Following up on yesterday’s post, I discovered how important product placement can be. Sometimes movie makers decide the products beforehand, before they even complete the script and select the stars. Fees for a “starring” product can total...