Some other non food related businesses had the opposite outcome of almost no customers. This is probably due to the paradox of value caused by the storm.
Please read his full post here.
Welcome to Economics Blog. The goal of this class is for students to have the opportunity to learn economics through a real world setting discussing current events with each other and people throughout the country.
Some other non food related businesses had the opposite outcome of almost no customers. This is probably due to the paradox of value caused by the storm.
At current companies have to pay large amounts of money to store, and ensure that the spent fuel rods produced by the reactors they run are well contained to prevent radio-active fallout from impacting the area around the storage sites. Now that we have a use for this nuclear trash and we do not have to store it, it will save the companies refining and using enriched uranium a large amount of money each year. This savings translates into the ability for energy prices to be lowered. With the reduced cost to produce it and the larger amount being produced, the supply goes up with a almost unchanged demand. With a higher supply it is guarantee that the cost will drop saving the consumers money.Please read his full post.
So let's say another smart phone is taken off the market, this makes phones such as the iPhone more valuable. Will this drive people towards iPhones now that a substitute is completely destroyed?
I also thought it was interesting that there is so little profit for stations on gasoline. Instead they want to draw customers inside to purchase beverages and snacks. It never occurred to me that the lowest priced gas station could also make a profit this way. If you lose a penny per gallon on gasoline to draw customers in but then sell the customer two sodas and a bag of chips, you are going to make more money than you would have with a higher price of gasoline.
Also with competition being great amongst these underground media dealers, it keeps their prices down so those that cannot download the material itself can get it for an extremely reduced price at no repercussion to them.
Was apple holding back? I think they were, and they are with the new iPad. I'm sure that there are a number of features that the Apple could put on the iPad 2 that they haven't yet