This WSJ article breaks down Thanksgiving meal prices and reveals that the price of turkeys has lowered. Decreased demand and a lower variable cost of production are responsible for the price change. Grain prices have impacted variable costs.
https://t.co/tdAQnFX7gJ
#kenyonmicro
This article dives into the lower grain prices farmer are facing in 2024. With the price of seeds and other materials remaining high, farmers must to look at their marginal cost of production to protect themselves from lower market prices.
https://t.co/MNpRPGhKnc)
#kenyonmicro
https://t.co/U46jcGSo5x
This article explores why some people can't stand wind turbines. Many claim that they are ugly while others dislike the noise they produce. This reminded me of our discussion about negative externalities and how the market compensates. #kenyonmicro
https://t.co/M0YU9wvnmc
This is a great YouTube video by Kyla Scanlon! It dives into the longshoremen strike and it's capability to cut off the supply of essential goods coming into the US. If not resolved soon, supplies will dwindle and shortages will become common. #kenyonmicro
https://t.co/ccg09eqZn2
This article explores the increased demand for travel that has accompanied the end of the pandemic. I find it interesting that there is a shortage in the supply of travel experiences due to increased demand and suppliers inability to keep up. #kenyonmicro
https://t.co/bpamiZ379M This article explores a dispute between a Wisconsin tribe and nearby townspeople. Due to blocked roads and other factors the value of local homes has decreased. This reminded me of our conversation about consumer tastes in ECON. #kenyonmicro