OpenEcon

If you could save $100 more a month, and you invested the savings in something that got you an 8% annual return (average over time), then you would have an 'extra' $349,100 at retirement!!! (assuming a 40 year work life). So the of spending an extra $100 a month now is having an extra third of a million dollars when you retire. What can you do now to save $100 a month? Share ideas in the comments.

Seasonal businesses like ski hills are a good example of the short run shutdown decision taught in microeconomics. During the snowy times demand is high, people like me go, and the firm makes a profit. But in the off season the demand is so low the revenue they would bring in would not cover the variable cost of production and the rational firm temporarily closes. Some places try to find off season uses for their land, and maybe they can get enough revenue to justify staying open (AR>AVC). But if you ever wondered why your favorite place is closed for the season, it's because market demand is too low and they can't generate enough revenue in those months to cover their variable costs. (this also happens to my favorite dairy queen location😣)

Street murals. They're non-rival and non-excludable making them a public good. So economic theory says they are probably underproduced. Thankfully artists like Hebru Brantley / Hebru Brand still find enough incentive to put pieces like this up in eastern market (detroit). I love this one. Remember in markets like this, we all can't be free riders and those that value the artist's work must practice voluntary cooperation and still show our support. That means voting with our views and dollars. Go to his page, follow him, go to his website, buy something. I will be buying one of the fresh crew sweatshirts.
www.hebrubrantley.com