2min chapter

Think Like An Economist cover image

S E9: Supply - Getting the Best Out of What You Sell

Think Like An Economist

CHAPTER

The Opportunity Cost Principle

Samer's rent will stay the same if the shop opens for 12 hours a day, three hours a day or even if it doesn't open at all. Samer only needs to think about fixed costs when he decides whether it's worth opening another shop. A higher coffee price might just lead him to open that next location but as he noted, what he furs to is start saving and making sure that the higher price is there to stay.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode