Posts Tagged ‘prices’

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    Shrinking Packages

    Feb 17, 11 • 280 Views • 2 Comments

    Have you noticed that the 64-ounce Tropicana Orange Juice container now holds 59 ounces of juice? Or, that Scott Toilet Tissue is 104.8 sq. ft. instead of 115.2 sq. ft.? Other shrinking packages include… The 24-slice package of Kraft American Cheese has...  [read more]

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    Venezuela’s Prices

    Nov 10, 10 • 231 Views • No Comments

    You might find it interesting to ponder the implications of the sign in a Venezuelan shopping mall which I saw on Harvard’s N. Gregory Mankiw’s blog. Called Mercado Bicentenario, the store was a part of a chain that had recently been nationalized...  [read more]

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    The Price System: Pelicans, Professors, and Murders

    Oct 26, 10 • 310 Views • No Comments

    Is a pelican worth $500? What is the value of a college professor? What does a murder cost us? Sometimes it’s tough to get a price. We know that BP owes money for wildlife lost on devastated wetlands. But how much? USA Today tells us that 2263...  [read more]

  • Responding to the Sound of a Price

    Jan 21, 10 • 243 Views • No Comments

    Does $2.22 sound very different from $2.33? The answer is yes. In a soon-to-be-released study by Keith Coulter of Clark University and Robin Coulter of the University of Connecticut in The Journal of Consumer Research, research indicates that shoppers expect...  [read more]

  • More Than a Price

    Dec 27, 09 • 218 Views • No Comments

    Listening to a wonderful Radio Lab (WNYC 10/09/09) podcast on Numbers, I started to think about a comment about what you can learn from a gas pump. $1.40? Maybe a teenager with little to spend. $10.04? Probably a cash payment but the attendant did not turn...  [read more]