Think Like An Economist cover image

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

Think Like An Economist

00:00

Samir's Choices in the Cost of Coffee

A typical cup of coffee at milka is five dollars, but with tip in tax added. And we are open 12 hours a day, ven days a week. How many hours do you think milke would be open if a cup of coffee it were three dollars? I don't think we would be able to be open. What if the typical cup of Coffee was four dollars? It wouldn't be sustainable. We could not even pay all our vendors in rent with that sort of drink price.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app