Archive for the ‘Production costs’ Category

Self Checkout   Leave a comment

self-checkout-936a66b9e1191573547895056746862815fc30b3-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/10/19/498571623/episode-730-self-checkout

Summary: Self checkout has become a staple in grocery stores, but back in 1992 they were considered a laughing stock.  Planet Money discusses self checkout with their creator, and considers what impact automation has on service and employment.

Original Air Date: October 19, 2016

Length: 20 minutes 27 seconds

 

Dear Economist, I Need A Date   Leave a comment

hearts-a7005807b2f51f3d19a6d6b332896854a9a7b5dc-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/03/01/517985813/episode-513-dear-economist-i-need-a-date

Summary: Love isn’t a word you would normally associate with Economics.  Applying the principles of Economics to your relationships seems preposterous.  But is it?  Planet Money discusses how economics are beneficial to your love life and can help you save on the one cost of love: time.

Original Air Date: March 1, 2017

Length: 23 minutes 13 seconds

The Cheeseburger Diet   Leave a comment

pc-cheeseburger-dubner-burger-300x225Link: http://freakonomics.com/podcast/the-cheeseburger-diet-a-new-freakonomics-radio-podcast/

Summary: In response to the infamous documentary Super Size Me, one woman toured her local area in search for the best burger.  Shockingly, she didn’t gain a single pound despite eating two burgers a week.  Freakonomics discusses the surprising results.

Original Air Date: December 10, 2015

Length: 34 minutes 21 seconds

Discussion Question: What role does utility play in this situation? Will satisfaction of the second burger eaten  always be the same? Explain.

Why is Milk in the Back of the Store?   Leave a comment

gettyimages-3342312-55a826c9edc49463cfd010293e41d804d21784f6-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/09/21/494927147/episode-555-why-is-the-milk-in-the-back-of-the-store

Summary: There has been a debate for decades as to why the milk is in the back of a store.  Consumers say it’s because you have to walk through store, producers say it’s because of ease of access for the delivery trucks.  Planet Money researches what the actual answer is by talking to people in the industry.

Original Air Date: July 23,2014

Length: 16 minutes 9 seconds

GMO acreage falls — along with commodity prices   Leave a comment

Link: http://www.marketplace.org/2016/04/13/world/gmo-crops-declineat-least-now

Summary: Due to falling commodity prices, the number of acres across the globe containing genetically modified crops has fallen for the first time in 20 years.

Original Air Date: April 13, 2016

Length: 2 minutes 4 seconds

Posted October 21, 2016 by cherokeebelval in Environmental economics, Production costs

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Whiskeys have to age for years, so how do distilleries make money?   Leave a comment

WHISKEY-2Link: http://www.marketplace.org/2016/02/24/world/iaw-whiskey

Summary: Sellers hope to maximize profit. So what incentives do distillery owners have to start their business if they can only make a profit after 20 years? Marketplace tackles this question and the history of selling whiskey in this podcast.

Original Air Date: March 7, 2016

Length: 5 minutes 42 seconds

Posted June 30, 2016 by noorul94 in Incentives, Production costs

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After years in the making, Oculus Rift arrives   Leave a comment

oculusLink: http://www.marketplace.org/2016/03/25/world/after-years-making-occulus-rift-arrives

Summary: Oculus Rift headsets for virtual reality are now in the market! Facebook owns Oculus and will be looking to take to Oculus Rift to the mainstream market next. In this podcast, Marketplace discusses the prospects and challenges ahead for these pioneers in virtual reality economy.

Original Date Aired: March 18, 2016

Length: 1 minute 53 seconds