Sunday, December 31, 2006

Supply and Demand in Action

From the U-Haul website, one-way rentals for a 26-foot truck in February 2007:

1. From Atlanta, GA to Flint, MI: $596
2. From Flint, MI to Atlanta, GA: $1589

3. From Phoenix, AZ to Flint, MI: $1358
4. From Flint, MI to Phoenix, AZ; $3320

Bottom Line: Market prices reflect relative demand, and the demand for trucks FROM Flint, MI TO Georgia or Arizona is about 2.5 times higher than the demand FROM Georgia or Arizona TO Flint, MI.

Another example: Bill Cosby, Tony Robbins and Bill Clinton charge over $100,000 per appearance as a guest speaker, and George Will, Cokie Roberts, Andrea Mitchell, John Stossel and Sam Donaldson, charge between $10,000 and $30,000. Market prices for speakers reflect relative demand.


At 12/31/2006 10:16 AM, Anonymous Anonymous said...

"Market Clearing in Action"

Ticket price wars

Here are the ticket price changes for Showcase Cinemas Flint West, Flint East and Cinema 10 compared to prices at its main competitor, Trillium Cinemas in Grand Blanc Township:
Showcase Flint West, Flint East, Courtland Cinemas
• $6 for an evening movie ticket (was $8.50 to $8.75, depending on the theater)
• $4 for matinee, senior and children 11 and younger (was $6 to $6.25)
• $3.50 on Wednesdays for seniors at Flint East only
• A $5 price for all tickets on Tuesdays was discontinued.
Trillium Cinemas
• $8 for an evening movie ticket
• $7 for a student ticket
• $6 for matinee and senior citizen tickets
• $5 on Tuesdays for all tickets

You can read the full article from the flint Journal

-M. Harris (MGT551)

At 1/20/2007 11:52 AM, Anonymous d.c.stimac said...

I wonder what Bill Clinton will charge for appearing as a guest speaker, now that his wife announced that is wants to be the first woman President?... see exerpt from WSJ:

Jan. 20, 2007

Democratic Sen. Hillary Rodham Clinton embarked on a widely anticipated campaign for the White House on Saturday, a former first lady intent on becoming the first female president.

``I'm in and I'm in to win,'' Sen. Clinton said in a video posted on her Web site.


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