The Cost of Hybrid Film Photography Part 1 – Sunk Cost

When accountants talk about costs they make a distinction between a sunk cost, which is a cost already incurred that cannot be recovered, and a future cost, which is either a cost not yet incurred or a cost already incurred but which can be recovered. Future costs can be complicated to analyze. In the remaining posts of this series of articles I will only address marginal cost, which is the future cost of producing one additional unit.  Continue reading “The Cost of Hybrid Film Photography Part 1 – Sunk Cost”

Rain!

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I am back early from camping in the mountains of New York State. It rained almost every day, Several of the storms were heavy enough to wash out parts of the roads in the area. Our campsite was so soggy we made squishing sounds when we walked. After three days of that, my wife and I decided we’d had enough. We packed up and came home. It has been raining a lot in New Jersey too, with no immediate end in sight, but we are snug and dry in our house and all of the roads are in good condition. Continue reading “Rain!”