Posts Tagged ‘sacrifice’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Opportunity Cost: Google Doodles

    Jun 16, 13 • 439 Views • Behavioral Economics, Economic Humor, Households, Innovation, Labor, Tech, Thinking EconomicallyNo Comments

    How could a Google Doodle cost $268 million? For the Les Paul Google Doodle (below), the design and construction, bandwidth, server space–all land, labor, capital–could have totaled close to $15,000. But, let’s add some economic thinking. A