The Economics of The Office
Learning economics from the world's best boss
Pretzel Day 1
Even when something comes at a zero monetary cost it may cost considerable time to get something for "free". How much money would you spend for a pretzel? What is the value of the time that Michael and Stanley are spending standing in line? Is a pretzel really worth that much?
Season 3 Episode 5 "Initiation"
Labor Productivity (J24) Behavioral Economics (D03)
Pretzel Day 2
Even when something comes at a zero monetary cost it may cost considerable time to get something for "free". How much money would you spend for a pretzel? What is the value of the time that Michael and Stanley are spending standing in line? Is a pretzel really worth that much?
Season 3 Episode 5 "Initiation"
Behavioral Economics (D03) Externalities (D62)
Pretzel Day 3
Even when something comes at a zero monetary cost it may cost considerable time to get something for "free". How much money would you spend for a pretzel? What is the value of the time that Michael and Stanley are spending standing in line? Is a pretzel really worth that much?
Season 3 Episode 5 "Initiation"
Labor Productivity (J24) Behavioral Economics (D03)