Mando Joins a Team (Star Wars- The Mandalorian- Episode 6)

Mando joins a team to rescue a prisoner and each member of the team has a different set of skills to help in this mission. This is an example of specialization, specifically labor specialization, and explains the ā€˜Uā€™ section of the marginal cost curve. This is because as each team member has a different comparativeContinue reading “Mando Joins a Team (Star Wars- The Mandalorian- Episode 6)”

C-3PO and R2-D2 are Sorted for Appropriate Jobs (Return of the Jedi)

C-3PO and R2-D2 are being sorted to do specific tasks, just as workers may specialize in specific tasks within their firm. Some workers, such as C-3PO receive highly skilled jobs such as interpreting while others, such as R2-D2 receive lower-skilled jobs, such as working on the sail barge. Regardless of high or low skilled, thereContinue reading “C-3PO and R2-D2 are Sorted for Appropriate Jobs (Return of the Jedi)”

Darth Vader Hires Bounty Hunters (The Empire Strikes Back)

Darth Vader employs the bounty hunters, additional workers, to find the Millennium Falcon and Han Solo since they are becoming a much bigger problem for him relative to what they once were. This is similar to when a firm needs to hire additional workers to produce the desired output. Even though Darth Vader is veryContinue reading “Darth Vader Hires Bounty Hunters (The Empire Strikes Back)”