tag:blogger.com,1999:blog-7169279.post111224238267800291..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: More Work For Our CourtsDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7169279.post-1112575308193940922005-04-03T18:41:00.000-06:002005-04-03T18:41:00.000-06:00-1 on FRED's post for a spelling mistake.This is a...-1 on FRED's post for a spelling mistake.<BR/><BR/>This is a good example of an implicit cost. The courts have just increased the marginal costs of just about every business in the country. The effect of that will be higher prices, and less stuff sold, for less consumer surplus. In some sense, this ruling can actually be seen as a transfer of consumer surplus from consumers to the protected classDr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com