About so much more than money, economics can come in handy on Valentine’s Day. Let’s take a look. An Economic Valentine Economic Laws On Valentine’s Day, economic laws are broken. A production possibilities frontier is supposed to illustrate the maximum…
The Christmas Tree Frappuccino had a short life. It was here Thursday and gone Monday. But Starbucks had a good reason. Frappuccino History The Christmas Tree Frappuccino was the latest in a limited edition frappuccino line-up. Starbucks tells us that…
This week’s everyday economics involved 6 economists and such ideas as product differentiation, behavioral economics, marginal utility, price and trade.
Explained by Alfred Marshall and evident at restaurant buffet tables, the idea of diminishing marginal utility shows how marginal analysis is valuable.
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