Think Economically

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Maximum understanding, minimum average total cost.

Detroit auto makers are back. General Motors, Ford, Chrysler are all working to expand capacity, but demand is outpacing them.

Nothing quite like reading the news. The article here is from the AP and discusses at length the change in the market from dialing down production to rushing to get back to capacity. It’s such a dense article, and you can’t read it without thinking about the elasticity of supply…well, at least I can’t. What will happen to prices? Was the bailout a good thing? Like I have any idea. I give it a crack though. Part 2 is after the break. Enjoy!

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