We used to buy what we needed. Now we subscribe. If you live in Chicago, you can sign up for a weekly gasoline delivery subscription. For $16 a month plus the price of the gas, Yoshi will fill up your…
Business
Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.
Deciding If Lab-Made Meat Can Be Called Meat
Ranchers and poultry farmers are supporting legislation that requires lab-made meat labels to indicate the product is not real meat.…
The Package That Amazon Returned
Now that Amazon’s HQ2 will not be in Long Island City, New York, we can ask if the multi-billion dollar incentive package was worth the tradeoffs.…
The Case of the Missing Chips
A New York federal court recently explained why it was okay for our potato chip bags to have excessive air that is called slack fill.…
The Pizza War That Pepperoni Started
The chef that left New York’s Prince Street Pizza to start his own restaurant could find himself fighting a pizza war because of his pepperoni recipe.…
The Beer Ads That Started the Corn Syrup War
During Super Bowl LIII, Bud Light’s beer ads started a corn syrup war that unfolded during the game and after but was really about product differentiation.…
What Super Bowl Ads Really Tell Us
For a smile, some economic history, and a look at how companies make some money, Super Bowl ads say a lot in just thirty seconds.…
The Tiny Screw That Made a Big Difference
Unable to mass produce a tiny screw, Apple’s Mac Pro plant in Austin, Texas demonstrated the problem with U.S.manufacturing.…
Why the Sports Bra Is so Much More Than an Undergarment
Far more than an undergarment, the sports bra helped to spread the Title IX mandate through physics, power, and psychology.…
Why Songs Are Shorter
As music industry technology has shifted to streaming, so too have the incentives that are multiplying shorter song tracks.…