87. Twenty-Piece Chicken McNuggets
I’ll be the first to admit, I got a D in Economics 101 during my freshman year of college. But I assure you it was not because I don’t understand economics. It was simply because I was spending way more time goofing around than I spent going to class. In order to earn my D, I really learned only two things. The first was “The Law of Diminishing Returns” (in layman’s terms, you are more productive during hour one of the work day compared to hour 20, or the first piece of cheesecake is more satisfying than the 10th piece of cheesecake when eaten in one sitting). The second thing I learned was “Economies of Scale.” Let’s take a minute to discuss the second.
Economies of scale basically means that unit costs of ...
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