The Cost of Restricting Input Choices Goals: Demonstrate how non-optimal input choices result in inefficient production. Demonstrate that minimum effective scale cannot be achieved if inputs are restricted. Time needed: 30 minutes Materials Required: Wood BBQ skewers, A package of large marshmallows, Bottles of super glue Overview: The concept of minimum effective scale (MES) isContinue reading “Minimum Effective Scale”
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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)”