{"id":7062,"date":"2010-11-14T03:00:43","date_gmt":"2010-11-14T08:00:43","guid":{"rendered":"http:\/\/blogs.scienceforums.net\/swansont\/?p=7062"},"modified":"2010-11-14T03:00:43","modified_gmt":"2010-11-14T08:00:43","slug":"supply-demand-yada-yada-yada-i-learned-some-economics","status":"publish","type":"post","link":"http:\/\/blogs.scienceforums.net\/swansont\/archives\/7062","title":{"rendered":"Supply, Demand, Yada Yada Yada, I Learned Some Economics"},"content":{"rendered":"<p><a href=\"http:\/\/yadayadayadaecon.com\/\">The Economics of Seinfeld<\/a><\/p>\n<p>For example, <em>The Bottle Deposit<\/em> is tagged as arbitrage, fixed costs, incentives, variable costs<\/p>\n<blockquote><p>Kramer and Newman hatch a scheme to arbitrage bottles from NY, where the deposit is 5 cents, to Michigan, where the deposit is 10 cents. They can&#8217;t figure out how to make the costs work; gas is too expensive (variable costs), and there&#8217;s too much overhead (fixed costs of tolls, permits, etc.) with using a semi to haul the bottles in volume. Finally, they hatch a scheme to use a mail truck, which lowers their variable and fixed costs to zero.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Economics of Seinfeld For example, The Bottle Deposit is tagged as arbitrage, fixed costs, incentives, variable costs Kramer and Newman hatch a scheme to arbitrage bottles from NY, where the deposit is 5 cents, to Michigan, where the deposit &hellip; <a href=\"http:\/\/blogs.scienceforums.net\/swansont\/archives\/7062\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,34],"tags":[],"class_list":["post-7062","post","type-post","status-publish","format-standard","hentry","category-math","category-not-really-science-at-all"],"_links":{"self":[{"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/posts\/7062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/comments?post=7062"}],"version-history":[{"count":0,"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/posts\/7062\/revisions"}],"wp:attachment":[{"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/media?parent=7062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/categories?post=7062"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blogs.scienceforums.net\/swansont\/wp-json\/wp\/v2\/tags?post=7062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}