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This is a graded discussion. Before engaging in the discussion, you should listen to the podcast
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http://www.npr.org/sections/money/2011/07/11/137705590/the-friday-podcast-manufacturing-the-song-of-the-summer
DISCUSSION PROMPT 1: This podcast discusses a variety of production costs. Give examples of specific types or categories of production costs (as discussed in Chapter 11) that you identify in the podcast. Then pick one of these costs and discuss how a firm (such as a recording studio) might benefit from minimizing or expanding this production cost item.
DISCUSSION PROMPT 2: can you take any of the costs you identified from the podcast and categorize them as: fixed vs. variable costs, as implicit vs. explicit costs, or even marginal costs?
