I have (mostly) recovered from my trip...we got home last on Thursday (bad air traffic into O'Hare, bad traffic out of Chicago) and I pretty much slept all day on Friday. :)
Hopefully, you have had a great Spring Break and are (almost) ready to return to the last month before the national exam! We have a lot of work left to do - your unit test is next Friday, and will be on the four types of markets.
So - anyone want to try the "econ of Vegas"? I'll start:
~buy cheap airline tickets from the monopolistically competitive market of online ticket brokers
Some questions for you to think about:
~Why do people gamble when everyone knows that there is a 90% chance you won't win a single dime? After all, those huge mega-casinos don't get built because they don't make a profit....This could also apply to the lottery - why in the world would people buy lottery tickets when you have a one in 12 million chances to win?
~Why are there so many buffets in Las Vegas? What type of market would this be? I'd bet we had a choice of at least a dozen different breakfast buffets within a 2 mile radius of our hotel. What would make them different? (Isn't breakfast just...breakfast...?)
~Why does everyone drive up the Las Vegas Strip (a 3 mile drive took us 50 minutes on Tuesday afternoon - the same drive was 10 minutes on Tuesday morning) when there's a perfectly good road one block over that is much faster and safer?
~How in the world does Las Vegas support over 15 GIANT casinos (I'm counting the ones with at least 5 restaurants in each), plus hundreds of smaller ones?
Yes, we had fun. I hope you had some down time on your break. I won't be there Monday - see you Tuesday. Enjoy your time in the computer lab. I can safely say it's the last down time you'll have until the end of May. :)