Spiral-Sliced Ham with Pepper Jelly Glaze

10 servings, with leftovers

1 (5 to 6-pound) fully cooked spiral-cut ham
1 (8 ounce) jar hot pepper jelly

Preheat oven to 350 degrees F.

Place ham in a shallow pan and bake, uncovered, for 40 minutes. Pour the pepper jelly over the ham, spreading evenly. Heat for 10 to 15 minutes more, basting occasionally. Serve hot.

Per serving: 468 calories (48 percent from fat), 41 g protein, 19 g carbohydrates, no fiber, 24 g fat, 135 mg cholesterol, 2,952 mg sodium


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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).

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