Posts Tagged ‘positive externality’

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    Obesity Concerns

    Sep 25, 10 • 236 Views • No Comments

    The new vending machine at a Mason, Ohio high school only sells carrots. At 50 cents a bag, “they are selling like hotcakes”. Is it because the baby carrot video ads are amazing or that no other vending machine works during school hours? This...  [read more]

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    A $5,000.00 Taxi Ride

    Apr 19, 10 • 278 Views • No Comments

    Hearing that actor John Cleese took a Mercedes taxi from Oslo to Brussels for about $5,000 because the Icelandic volcano eruption prevented him from flying, an economist would say, “That is a positive externality.” Economists see positive...  [read more]