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Mike Fladlien
Works at Muscatine High School
Lives in Muscatine, Iowa
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Mike Fladlien

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the best!
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Mike Fladlien

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In the AP model of long run, the firm's long run ATC is the points tangent to each short run ATC.  The inference is that a firm can choose the lowest total cost when all inputs are variable. So if a firm wants to make 20 unit...
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Mike Fladlien

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This cartoon infers that raising the minimum wages does not cause unemployment.  The cartoon suggests that the the theory is dead. This cartoon makes a logical error.  That is what is true for the part doesn't mean it's true ...
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Mike Fladlien

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Here's a link to NBER data base. If you can find the source of the data that colloberates the assertion in the cartoon, please post in the comments.  I don't doubt that the assertion is true, however, I could not find the stu...
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Mike Fladlien

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The minimum wage has distributional effects and allocative effects that exert costs and benefits on society.  As the cartoon suggests, some workers are enriched, but some are hurt.  The question is do the benefits outweigh th...
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In a perfectly competitive market, the firm is a price taker.  In the micro model that I teach, the market price and quantity is described as the interaction of demand and supply, but the firm's demand curve is perfectly elas...
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Teacher
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  • Muscatine High School
    Teacher, present
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Introduction
Wrestling was my life for the first forty years.  Recently, economics has become my passion. 
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Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Muscatine, Iowa
Previously
Bettendorf, Iowa