An old college friend of Jonah’s now works at the corporate office for Cloud 9. When he comes to visit, he shows the other employees a video of Jonah doing a presentation, and then brings up the fact that Jonah’s enrollment is still active. Jonah initially quit college because he wasn’t happy there, but he’s not sure if he ever wants to go back.
Category: Microeconomics
Demand During Rebranding
Cloud 9 is rebranding their store product line, moving from Halo Brand to SuperCloud. With the switch, the store has marked the old products down by 80%. Cheyenne wants to buy as much of the old merchandise as she possibly can because of the discount. Glenn tells her she cannot set those items aside during store hours, but she is scared they will be all gone by the time her shift is over. She decides to try and hide the products around the store.
A Sudden Increase in Income
Jonah finds a wallet with $906 in the shorts that Amy ended up with in a lost and found activity. Amy wants to pay her pending bills or help her family with household repairs. Jonah convinces her to spend it on herself, instead of doing something that he considers boring. Amy decides she wants to treat herself to a spa visit. When the other employees find out that she has that money, they ask for things for the break room that are needed, but also ask for things that would be considered luxuries.
Lost & Found Scavenger Hunt
The employees have a yearly ritual where they pick something randomly from the lost and found box. They could not donate the items to Goodwill because Goodwill considered the collection to be trash. The corporate office told their branch to get rid of the lost and found items but did not give them any direction on how to do it. Almost all of the employees select different bad items, but Amy actually ends up with a pretty nice leather jacket. She trades it to Mateo to get him to stop complaining.
Doctor vs. Pharmacist
The store’s pharmacist considers himself the doctor to the doctors. He doesn’t have a traditional medical degree, but there are clearly times when he regrets not getting his MD. Human capital acquisition can be thought of like an investment that requires upfront costs, but has benefits paid out over a long period of time.
Shortage of Pepto Bismol
A lot of the employees have food poisoning from the morning’s potluck. Mateo approaches Cheyenne about some Pepto Bismol, but she raises the price to account for the fact that she has purchased the entire store’s stock.
Looking for a Bribe
A customer is looking for a particular coffee maker, but Cheyenne and Mateo tell him they can get another from the stock room if they are offered a bribe. If prices weren’t so low, there would probably be an adequate stock of items on the shelves. Cheyenne and Mateo try to initiate a black market transaction in response to this shortage.
Black Friday Purge
It’s Black Friday and customers are in a rush to get the good deals. Before Dina can unlock the doors, the crowd knocks the doors down and rush for the deals. These low prices will cause a shortage and impact the allocation of items among consumers.
Black Friday Bribes
As customers stand outside waiting for the store to open, one of them offers Mateo and Cheyenne $40 each to put aside one of the TVs that is on sale. Because prices are so low, there won’t be enough for all of the customers that want a TV, creating a shortage among the waiting customers. Having people wait in line helps allocate the items based on people’s willingness to spend time rather than money, but this man would prefer to have the item allocated through a black market transaction.
Working with a Spouse
Amy’s husband has started working at the store as a temporary employee, but Amy has asked Glenn to have their shifts switched. Glenn asks if the request is because the spark is gone in their marriage or if they are just in a rough patch. His implication is that they have been together long enough that their utility isn’t constantly increasing. Amy is concerned about working with her husband because she knows that their happiness is interdependent.