Back to School: Economics 101
00:00:00 - 00:03:04
economics
business
entrepreneurship
cost analysis
variable costs
starting costs

In this humorous example showcasing the gap between the "real world" and theory, Thornton Melon challenges the assumptions that Dr. Barbay poses to the class about starting a new company. Thornton asks questions such as why they are building a factory instead of leasing one and what product they're selling. Dr. Barbay is not amused by his interjections.

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  • 01:32 - 01:33

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