This post from the Freakonomics blog has a nice little description of fixed and variable costs, as applied to hot dog vendors in New York City.
A Slate article mentions that the annual price of a hot-dog stand license near the Metropolitan Museum of Art in New York City is $362,201. Licenses are very limited and [...]
|
||||||
|
|
 I teach principles of economics courses and a course in the economics of healthcare at Southern Oregon University. |
|||||
|
Copyright © 2010 Plain Sense Economics - All Rights Reserved |
||||||