In order to translate a message from SITH into a language more easily understood, C-3PO must risk losing his memory. C-3PO is able to back up his memory with R2-D2; however, this is very unreliable. C-3PO must conduct a Cost-Benefit Analysis, or determine the costs and benefits of any particular action to determine if theContinue reading “C3PO Risks Memory (Star Wars – The Rise of Skywalker)”
Category Archives: Costs
Farmers Hire Mando as Protection (The Mandalorian- Episode 4)
Mando is hired by a town to protect the farmers and their village from raiders, who have stolen all of their crops. One of the main differences between developing and developed countries is Institutions. Institutions are the rules placed in a society that keep parties’ behaviors in balance (such as the enforcement of the lawContinue reading “Farmers Hire Mando as Protection (The Mandalorian- Episode 4)”
Mando Faces Hold-Up Problem (The Mandalorian- Episode 1)
Mando meets with Greef Karga, who he captured a few prisoners for, now faces a new price after he has already done the work. Mando must either accept imperial credits (which he does not want as the Empire has fallen) or Calamari Flan (but he will only get half of the agreed-upon amount). As heContinue reading “Mando Faces Hold-Up Problem (The Mandalorian- Episode 1)”
Mando Pays Premium for a Human Driver (The Mandalorian- Episode 1)
Mando is unwilling to ride with a Droid driver. He ends up paying more to get poor service (vehicle in disrepair) from a non-Droid driver. It is cheaper for the firm to provide Droid drivers instead of human drivers, so Mando must pay more for the human driver. This is due to the increase inContinue reading “Mando Pays Premium for a Human Driver (The Mandalorian- Episode 1)”
Mando and the Mechanic Talk About the Ship (The Mandalorian- Episode 5)
Mando has insisted that the mechanic not use Droids on his ship. This has resulted in her spending more time than necessary doing the repair work (thus increasing the costs). This is an example of non-optimal input choices. This can happen in the production processes when by law (or, as in this case, customer restrictionsContinue reading “Mando and the Mechanic Talk About the Ship (The Mandalorian- Episode 5)”
R2-D2 and C-3PO Use an Escape Pod (A New Hope)
R2-D2 and C-3PO escape from a Rebel Alliance ship via an escape pod. The Empire briefly considers the benefits of destroying the pod, but they do not because there are no lifeforms in the pod. Because of this, it is not worth it for them to shoot it down. The cost of shooting the podContinue reading “R2-D2 and C-3PO Use an Escape Pod (A New Hope)”
Luke and Ben Meet Han Solo (A New Hope)
Obi-Wan Kenobi takes Luke to the place with the most people to find a pilot – a bar. This is because it has the lowest search cost. To find a pilot to take them to Alderaan is challenging; however, they were able to find someone, Han Solo, fairly cheaply. Search costs are the time, energy,Continue reading “Luke and Ben Meet Han Solo (A New Hope)”