Think Like An Economist cover image

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

Think Like An Economist

CHAPTER

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.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner