Prague Tourist Quote of the Day
---
"I think that's right..."
--Me, hoping that, even after a liter of Pilsner Urquell:
(2 x 10) + (2 x 5) + (5 x 2)
does indeed equal 40.
It does. As Einstein said, "God does not play dice with the bar tab."
For perspective, I was dealing with roughly a 21.5 CZK/USD exchange rate. Forty koruny for 0.5-liter draft was typical; the cheapest I found was CZK26. The lobby bar of my hotel wanted CZK90.
Oh, and 0.5 liters = 16.9 ounces = 1.41 12-ounce bottles. So it works out to about $1.32 for a bottle of premium beer. In a bar.
Now that's a "go figure" I actually enjoy.
---
But wait a minute: if the demand for beer is so high in the Czech Republic, then how can the price be so low? High demand drives prices up, doesn't it? Like for oil, right?
Resolve that paradox, and you've frustrated every introductory economics professor's favorite trick question on a final exam. (Hint here.)
---
I used to say that Amsterdam was the only place where I could buy a beer with a single coin. Not so — Czech has a 50-koruny coin that could buy you a 40-koruny beer. Anyone know of any other countries where a single coin buys a beer?
--Me, hoping that, even after a liter of Pilsner Urquell:
does indeed equal 40.
It does. As Einstein said, "God does not play dice with the bar tab."
For perspective, I was dealing with roughly a 21.5 CZK/USD exchange rate. Forty koruny for 0.5-liter draft was typical; the cheapest I found was CZK26. The lobby bar of my hotel wanted CZK90.
Oh, and 0.5 liters = 16.9 ounces = 1.41 12-ounce bottles. So it works out to about $1.32 for a bottle of premium beer. In a bar.
Now that's a "go figure" I actually enjoy.
---
But wait a minute: if the demand for beer is so high in the Czech Republic, then how can the price be so low? High demand drives prices up, doesn't it? Like for oil, right?
Resolve that paradox, and you've frustrated every introductory economics professor's favorite trick question on a final exam. (Hint here.)
---
I used to say that Amsterdam was the only place where I could buy a beer with a single coin. Not so — Czech has a 50-koruny coin that could buy you a 40-koruny beer. Anyone know of any other countries where a single coin buys a beer?
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Posted by Kip on
9 September 2006
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