4 ms·
The coffee getting cold and the beans going stale are inefficiencies that arise because of entropy. The latter are true opportunity costs though.
by samus 5y ago
The coffee getting cold and the beans going stale are inefficiencies that arise because of entropy. The latter are true opportunity costs though.
- hinkley 5y agoSome commodities have more elasticity on the supply side than others and that changes the economics. You only have so many options with coffee, you have to sell it sooner rather than later. Gold bars are easier to store, but also more attractive to steal. Other than that maple syrup heist in Canada a few years back, we don't usually see bulk, perishable goods getting stolen because it's too much of a pain. I think they only did it because of the element of surprise. Who steals syrup??