Marinated London Broil
Posted by MzMaggie at recipegoldmine.com 6/23/01 12:22:09 pm
1 medium onion, coarsely chopped
1 tablespoon grated lemon zest
1/4 cup fresh lemon juice
1/2 cup balsamic vinegar
2 tablespoons olive oil
3 garlic cloves, minced
1 1/2 teaspoons basil
1/2 teaspoon black pepper
1 (1 1/2 pound) London broil, cut 1 1/4 inches thick
In a shallow bowl combine, onion, lemon zest, lemon juice, vinegar, oil, mustard, garlic, basil and pepper.
Place the steak in the dish. Spoon marinade on top. Cover dish and marinate the meat for 8 hours or overnight, turning the steak every few hours.
Prepare grill. Spray with nonstick cooking spray. Remove steak from marinade and brush off any particles. Grill the meat for 7 minutes. Turn the steak grill for 7 minutes more for rare, 9 minutes for medium, 11 minutes for medium well done. Adjust time if using broiler.
Let steak stand for 5 minutes before carving.
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WHAT IS LATENT DEMAND AND THE P.I.E.?
The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if a market is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability).
The latent demand for marinated tilapia is not actual or historic sales. Nor is latent demand future sales. In fact, latent demand can be lower or higher than actual sales if a market is inefficient (i.e. not representative of relatively competitive levels). Inefficiencies arise from a number of factors, including the lack of international openness, cultural barriers to consumption, regulations, and cartel-like behavior on the part of firms. In general, however, latent demand is typically larger than actual sales in a country market.
For reasons discussed later, this report does not consider the notion of “unit quantities”, only total latent revenues (i.e. a calculation of price times quantity is never made, though one is implied). The units used in this report are U.S. dollars not adjusted for...