Archive for the ‘short-run shutdown’ Tag

Winter is coming for the restaurant industry   Leave a comment

Link: https://www.npr.org/2020/11/18/936321423/winter-is-coming-for-the-restaurant-industry

Bar Gernika in Boise, Idaho

The Planet Money Indicator team explores the choices facing restaurants around the U.S. as the pandemic winter approaches. Includes an interview with a restaurant in Idaho that has implemented new strategies in the 2020 economic reality.

Assignment prompt: How does this podcast illustrate the short-run shutdown decision for firms? Use specific economic concepts from your reading and this podcast to explain the decision making process in general and specifically for firms in a crisis, such as the Covid-19 pandemic.

Original Air Date: November 18, 2020

Length: 9 minutes