Archive for the ‘Production costs’ Category

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

Why The Price Of Coke Didn’t Change For 70 Years   Leave a comment

price of cokeLink: http://www.npr.org/sections/money/2015/11/18/456410327/episode-416-why-the-price-of-coke-didnt-change-for-70-years

Summary: The Planet Money team investigates how the price of a Coke was able to stay at 5¢ for 70 years. In finding the explanation, the Planet Money team also considers the reasons for Coke’s global success.

Original Air Date: November 18, 2015

Length: 19 minutes 7 seconds

Posted March 24, 2016 by ndelmonaco1 in Elasticity, Planet Money, Production costs

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Trash!   Leave a comment

TrashLink: http://www.npr.org/sections/money/2015/03/27/395815221/episode-613-trash

Summary: The Planet Money team investigates the $100 billion industry that is recycling and the downward spiral it has taken due to developments in in other markets.

Original Air Date: March 27, 2015

Length: 13 minutes and 52 seconds

The Curse of the Black Lotus   Leave a comment

blacklotusLink: http://www.npr.org/sections/money/2015/03/11/392381112/episode-609-the-curse-of-the-black-lotus

Summary: Using common goods like magic cards, the NPR team demonstrates market bubbles and how they work as well as how one company deflated theirs.

Original Air Date: March 11, 2015

Length: 16 minutes 56 seconds

Why Textbook Prices Keep Climbing   Leave a comment

textbooksLink: http://www.npr.org/blogs/money/2014/10/03/353300404/episode-573-why-textbook-prices-keep-climbing

Summary: Something strange is going on in the textbook market. The price has steeply increased over the past decade–and they’re only getting higher. There is a disconnect between the chooser (the professors) and the buyers (the students). Technically, the professor is the consumer, and they’re spending their students’ money. The podcast offers the opposite: high school textbooks, where costs are kept low because the books are paid for by the schools.

Original Air Date: October 3, 2014

Length: 14 minutes 56 seconds

Discussion Question/ Prompt: Propose a solution to the rising textbook price problem. (Example: a price ceiling? professor awareness of prices? incentives for lower prices?)

How To Steal A Million Barrels Of Oil   Leave a comment

nigerian stolen oilLink: http://www.npr.org/blogs/money/2014/10/29/359624435/episode-578-how-to-steal-a-million-barrels-of-oil

Summary: The Nigerian Internet hosts many ads for stolen oil, inspiring the question: how? Why?  Nigeria has one of the top oil reserves, and it is controlled by the government. They lose about $10 million a day from oil theft. This podcast dissects how they get away with it.

Original Air Date: October 29, 2014

Length: 19 minutes 30 seconds

Discussion Question: The podcasts says that this problem is for the Nigerian government to solve. Should it be an international issue?

Prompt: The podcast does not reflect on the legally sold oil, and the effect the stolen oil has on that market. Write how you think the stolen oil would change the market for legal crude oil in the international arena, paying specific attention to the quantity and the prices.