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In a normal market, the marginal producer, the one who provides the last bit of supply, is the high-cost producer.
Here's a bit of supply chain nerdery for you on the iPhone 5s front.
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In the oil markets, as in the currency markets, just a bit of additional supply can have a much-magnified effect on price -- especially if traders believe that Washington is ready to act again.
The children are dismayed that the Pieman tricked them for his berry-stealing plot, and soon they harvest every bit of that supply over to him.
It has, in fact, already done its first bit of business, supplying groundnut seeds to the National Agricultural Advisory Services, making a profit of UShs 800,000.
"Both schemes are generic developers' fare," he wrote, "with homes heaped into blocks and towers to make enough money to pay for the demolition of the old buildings, with a notional bit of landscaping supplied as a palliative.
Both schemes are generic developers' fare, with homes heaped into blocks and towers to make enough money to pay for the demolition of the old buildings, with a notional bit of landscaping supplied as a palliative.
"They hadn't had food or water given to them for two days but I think there was a little bit of extra supplies given two days before," she said.
But as Japan has recently been reminded, a bit more diversity of supply would not hurt.
Melissa Stark, an energy expert at Accenture, a consultancy, says that the LNG refilling facilities now being set up along America's main roads to supply lorry fleets could also, with a bit of extra equipment, supply CNG for cars.
Private capital has poured into building power stations, but most other bits of the supply chain are in the hands of the state.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com