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)”
Tag Archives: cost
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 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)”