2min chapter

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

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