Microeconomics for Businesses and Firms

Dieselgate, Two Years on, Volkswagen Still in Trouble

Dieselgate, Two Years on, Volkswagen Still in Trouble

On September 18, 2015 the U.S Environmental Protection Agency (EPA) found and reported that the Volkswagen Auto Group was in violation of the Clean Air Act that went into effect in 1963. The world’s largest automotive manufacturer includes the brands of Audi, Volkswagen, Bentley, Lamborghini, […]

Economies of Scale(s)

Economies of Scale(s)

Oh, hello there! Welcome to Timos’s Silver Scale Shop! We are a specialty boutique that crafts silver balance scales for judges, and…umm…people who like to balance things the good old-fashioned way! While being a boutique manufacturer has been great, it’s not nearly as lucrative as […]

How 17 Million Cars Make it to the Consumer Every Year

How 17 Million Cars Make it to the Consumer Every Year

Since the “Great Recession” in 2008 when the US congress voted to bail out the automotive industry,  $79.7 billion in total, the U.S. automotive industry has experienced a resounding comeback. In 2015 the big three (Ford, General Motors, and Chrysler) broke their all-time record for […]

A Hurricane of Losses

A Hurricane of Losses

You really think you can best Mother Nature?