Posts Tagged ‘supply’

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    Demand, Supply, and Knee Replacement

    Nov 15, 10 • 277 Views • No Comments

    Hearing about knee replacement surgery from a friend, I soon realized it is about much more than an operation. It involves demand, supply, innovation, and the quality and cost of national medical care. First the facts: For knee replacement surgery, patients...  [read more]

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    The Cost of a Corn Flake

    Nov 11, 10 • 199 Views • No Comments

    Telling us that corn prices are soaring, NPR asked, “Why Not Corn Flakes?” After all, approximately 13 ounces of an 18-ounce box of corn flakes is corn. The corn, though, only adds close to 4 cents to the price. So, even if corn prices continue to...  [read more]

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    Mobile Home Ceilings

    Oct 22, 10 • 250 Views • No Comments

    When the Ukiah California City Council said yes to rent stabilization for a local mobile home park, senior citizens said, “Thank you.” In NYC, 50% of all housing in Manhattan is rent regulated. Sixty years ago, concerned that the middle class...  [read more]

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    Supply, Demand, and Kimchi

    Oct 5, 10 • 309 Views • No Comments

    The kimchi mini-crisis is a perfect tale of supply and demand. Kimchi, “a fiery cabbage-based staple of Korea,” is typically made from “seasoned, fermented napa cabbage”. Farmers supply the napa cabbage for kimchi and demand comes from...  [read more]

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    The Afghan Votes Market

    Sep 19, 10 • 182 Views • No Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according...  [read more]