Premium Essay

Statstics on Internet Book Sales of Martian

In: Science

Submitted By raptowne
Words 567
Pages 3
1. Suppose that the fisrt plant has constant MC=10, and the other plant has constant MC=15. How the equilibrium will look like in this case?
First of all, it should be noted that in this task the competition is based on Bertrand model, as two companies can not influence the market by changing the quantity, yet they can do so by changing the price of the product. Moreover, the electricity is a homogenous product which is also suits Bertrand model.
However, in this given example two plants have different marginal costs. This means that plant 2 can not set its price for electricity lower than 15, as it would be unprofitable for it. At the same time, plant 1 can afford to set the price lower than 15, which would eventually result in plant 1 grabbing the whole market.
What price should the plant 1 set? It is obvious that the price should be situated in the range 15>P≥10. Let’s exemplify this with some numbers:

2. Suppose that each plant has the next total cost function: TC=0.25q2+100. How the equilibrium will look like in this case?

Under the condition of increasing costs, we have to check whether the Bertrand trap is still intact.
First, we need to assume that this is still a Bertrand competition (since the product is homogenous) and thus we need to find a point below which it will have no sense for firms to cut the price. This point naturally is P=AC. We also assume that the firms will stop at this point and split the market.
70-2q=0,25q+100/q q=29,61 Q=59,22

3. Suppose that each plant has the same constant MC=10, but their capacity is limited. Plant A can produce no more than 20, plant B can produce no more than 30. How the equilibrium will look like in this case? What…...

Similar Documents

Premium Essay


...Tourism is not only the largest industry in the world but also the number one online segment, accounting for 11% of overall sales on the Net in 1998. E-business on tourism accounted for $13 billion in 1999 (Forrester Research 1999). The online travel market is experiencing explosive growth, and is projected to go to $30 billion this year. It is already estimated that by year 2003 over 30% of online sales will be generated by online travel alone, including actual travel products as well as advertising earned by travel-oriented sites. The number of travelers who use the Internet for travel-related and other purposes tops 70 million, half of which consult the Internet to get information on destinations or to check prices and schedules (Travel Industry Association of America 1999). The number of travelers booking online has soared by more than 80 percent to 11 million in the last year (PhoCusWright 1999). Travel remains one of the most popular e-commerce categories, with 45 percent of online buyers saying they purchased travel online. This is outpaced only by books at 54 percent. According to a recent survey by (1999), 85% of the respondents intend to use the Internet exclusively or in conjunction with off-line resources to schedule airfare (90% of those planning to purchase travel online), hotel (52%), and car rental (42%) reservations for holiday travel. More than 75 percent of respondents indicated that discounts would motivate them to purchase future travel......

Words: 5542 - Pages: 23

Premium Essay


...Rashesh Shah did it. Sanjeev Bikhchandani did it. Shantanu Prakash did it. 'Stay Hungry, Stay Foolish' is the story of 25 such IIM Ahmedabad graduates who chose the rough road of entrepreneurship. They are diverse in age, in outlook and the industries they made a mark in. But they have one thing in common: they believed in the power of their dreams. This book seeks to inspire young graduates to look beyond placements and salaries. To believe in their dreams. The Centre for Innovation, Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad aims at fostering innovation-driven entrepreneurship through incubation, research and dissemination of knowledge. Rs.125/- - Rashmi Bansal ISBN 978-81-904530-1-1 CONTENTS - THE BELIEVERS - THE OPPORTUNISTS - THE ALTERNATE VISION THE BELIEVERS People who knew entrepreneurship was the Chosen Path. They took the plunge straight after their MBA or after working barely a couple of years. And they persevered until they made it big! p02 THE BOOK OF JOB Sanjeev Bikhchandani (PGP 1989), Sanjeev is India's most successful internet entrepreneur. For close to a decade he struggled on the sidelines but never gave up on his Big Idea. In 2006, became the first dotcom to IPO on an Indian stock exchange. p18 ROCK WITH IT, ROLL WITH IT Shantanu Prakash (PGP 1988), Educomp Despite a regular middle class upbringing, Shantanu went into business while doing his BCom. The entrepreneurial streak continued......

Words: 114565 - Pages: 459

Premium Essay


...The book has no place in modern society. Discuss. Every book is a quotation; and every house is a quotation out of all forests, and mines, and stone quarries; and every man is a quotation from all his ancestors. A book is a written or printed work that has its pages sewed or glued to one another. The book has been around for years in its present printed form, advancing along with new innovations in today’s modern society, the book may have been partially replaced by the internet but it would be too extreme to say that the book has no place in modern society. Its distinctive and tangible touch is impossible to be substituted for. Thus, I feel that the book still has a place in modern society. The book still has a place in today’s modern society as today’s society is a knowledge-based one, knowledge is key to success. Books are pivotal to imparting knowledge and skills to the masses, especially to students in school. We cannot neglect the fact that the book is still the bread and butter of our lives. An example of a book that develops our skills and knowledge is the “7 Habits of Highly Effective People”, which has sold over twenty million copies worldwide. The remarkable sales figures just demonstrates the importance of the book in modern society, be it for entertainment or personal upgrade. They are the very core driving force of passing down present-day human knowledge. Some may argue that modern day innovations such as e-books serve the same function as well, however......

Words: 1001 - Pages: 5

Premium Essay

Connecting Through the Internet

...Kristen McNair ENC 1102 16 April 2012 Connecting through the Internet Connecting globally is possible because of great technologies such as the internet. The internet has evolved into a place where the whole world can connect and communicate with each other. The internet has tools such as email, instant messaging, social media sites and online video games that allow individuals to talk with almost anyone in the world as long as they have access to the internet. Having the capability to communicate with anyone around the world may change ones perception of the world personally and globally. Individuals can discuss various topics and express their different points of views on the subject. Recent events at ones fingertip is a powerful tool to have. Being able to hear about global events within minutes of it actually happening may change ones view on world issues personally and globally. Online video games and social media sites can alter ones perception of the word, while allowing individuals to acquire and discuss ideas from around the world. The internet’s advancements have allowed for online video games. These games allow players to have online contact with people all over the world. These online games are usually called MMO games, or Massive Multiplayer Online games. Many people around the world play online video games; experts say the companies strive to make the games addicting so more people play for longer periods of time. Online games allow individuals to meet......

Words: 2244 - Pages: 9

Premium Essay

Taxation of Internet Sales

...TAXATION OF INTERNET SALES Spencer Powell Park University Internet Campus A course paper presented to the School for Arts and Sciences and Distance Learning Business Law I Dr. Cathy Taylor Park University April 27, 2013 This paper or presentation is my own work. Any assistance I received in its preparation is acknowledged within the paper or presentation, in accordance with Park University academic honesty policies. If I used data, ideas, words, diagrams, pictures, or other information from any source, I have cited the sources fully and completely in a citation within the paper and also listed on the reference page. This includes sources which I have quoted or that I have paraphrased. Furthermore, I certify that this paper or presentation was prepared by me specifically for this class and has not been submitted, in whole or in part, to any other class in this University or elsewhere, or used for any purpose other than satisfying the requirements of this class, except that I am allowed to submit the paper or presentation to a professional publication, peer reviewed journal, or professional conference. This is not a draft, and is submitted for grading to satisfy in part the requirements for this course and the program(s) in which I am enrolled. In typing my name following the word 'Signature', I intend that this certification will have the same authority and authenticity as a document executed with my hand-written signature. ...

Words: 2230 - Pages: 9

Premium Essay

Should There Be an Internet Sales Tax?

...Should there be an Internet sales tax? Should we tax the Internet? That's a question that lingers in our minds. I think Internet taxation means that there will be taxes applied to things purchased on the Internet. Sales made over the Internet are called "E-commerce". As the Internet grows so does the the taxes and the overall cost of doing business via the Internet. The Internet sales tax issue came about in 1998, that's when the Internet was just starting to open up. This is an issue that covers many grounds. A issue for both sides Internet taxation is a very hot button issue that has hit all sides of the spectrum in heated debates. The misconception is that Internet sales tax is simply taxing of purchases brought on the Internet either through business to consumer e-commerce or consumer-to-consumer e- commerce. As this is one issue another issue is to those behind the scenes is the second half of this "complex issues" the use of the Internet in the lieu of a telephone line. Both of these issues could affect consumers and businesses alike, but in different ways. When we hear Internet Taxation we think of words like "sales tax" But it is much more complicated than just a simple tax on goods sold. All in all the question of whether to tax the Internet is far from black and white. Proponents and Opponents from both sides of the political spectrum do make convincing arguments. But it is all really in the hands of the people. If the......

Words: 304 - Pages: 2

Free Essay

The Martian Child by David Gerrold

...THE MARTIAN CHILD by David Gerrold Toward the end of the meeting, the caseworker remarked, "Oh - and one more thing. Dennis thinks he's a Martian." "I beg your pardon?" I wasn't certain I had heard her correctly. I had papers scattered all over the meeting room table - thick piles of stapled incident reports, manila-foldered psychiatric evaluations, Xeroxed clinical diagnoses, scribbled caseworker histories, typed abuse reports, bound trial transcripts, and my own crabbed notes as welclass="underline" Hyperactivity. Fetal Alcohol Syndrome. Emotional Abuse. Physical Abuse. Conners Rating Scale. Apgars. I had no idea there was so much to know about children. For a moment, I was actually looking for the folder labeled Martian. "He thinks he's a Martian," Ms. Bright repeated. She was a small woman, very proper and polite. "He told his group home parents that he's not like the other children - he's from Mars - so he shouldn't be expected to act like an Earthling all the time." "Well, that's okay," I said, a little too quickly. "Some of my best friends are Martians. He'll fit right in. As long as he doesn't eat the tribbles or tease the feral Chtorran." By the narrow expressions on their faces, I could tell that the caseworkers weren't amused. For a moment, my heart sank. Maybe I'd said the wrong thing. Maybe I was being too facile with my answers. The hardest thing about adoption is that you have to ask someone to trust you with a child. That means that you have to be willing......

Words: 14333 - Pages: 58

Free Essay

Illusion over Reality in the Martian Chronicles

...Universidad Nacional de Colombia Foreign Languages Department Written English VI Gabriela Vallejo Matiz December, 2013 04861318 The Martian Chronicles: Illusion over Reality The Martian Chronicles can be interpreted as the choice of illusion over reality. There were many events where the Martians shaped their bodies to the humans’ deepest desires or the humans themselves created illusions to fulfill these desires. By doing so, it could be seen that the characters chose to follow their illusions instead of accepting the reality they were facing. “The choice of illusion is related to the strong emotions of love, hate and empathy.” (Taylor, 2013) In chapter six –the third expedition- is clear that the humans’ illusion is to have their beloved dead ones back. Despite the Captain’s reservations and warnings, everyone accepts the illusion of Green Bluff, Illinois in Mars, which suggests unreality given that it may not be possible to copy an identical place in a different one. However, this acceptance brings comfort to the crew who are blinded by the emotion of having their resurrected family back; these families “were given a second chance to live in a new world” which, at the same time, is unreal because there is no way to bring back a dead person. The Martians linked this illusion to the strong empathy with the crew’s emotions through telepathy in order to carry out a dreadful funeral. Earth men never suspected what was happening until the last moment when they were......

Words: 1153 - Pages: 5

Premium Essay

Taxation of Internet Sales

...Online sales taxation has been a controversial issue in the U.S. especially with regard to interstate commerce. In most cases, most U.S. states are looking for any means to raise revenues to fund their operations; as such, taxes on internet sales is not excepted as a source of income for the government. Nevertheless, in the past few years, the U.S. Supreme court has dealt with several cases challenging the legality and the constitutionality of attempts by several U.S. states to demand taxes on goods purchased online and shipped to residence from various states. For instance, in Bellas Hess v. Illinois and Quill Corp. v. North Dakota where the court withheld that the state could not demand an online sales firm to collect sales tax on its behalf if the latter does not have any physical representation in the former (FindLaw, 2013 & CBO, 2013). On 16 April 2013, S. 743, Marketplace Fairness Act of 2013 was introduced in the senate and passed on to 7 May 2013. Apparently, Marketplace Fairness Act of 2013 was meant to restore U.S. states’ integrity to demand online sales firms to remit sales taxes on more than $1million of revenues made by selling goods to people residing in their territories ( Even though some of these laws (both common and legislative) are meant to reduce hurdles on states’ attempts to impose taxes on internet sales that occur within their territories, there are still other legal and practical challenges that will keep on cropping up, hence......

Words: 1592 - Pages: 7

Premium Essay

The Internet

...The Impact of the Internet Have you ever wondered how the internet has evolved, where it’s headed, and how it’s affected the world we live in? The truth is it has transformed drastically over time. It has reformed the way we communicate, how we receive our education, and not to mention how health careers have improved because of it. Initially, the internet has changed how we as societies communicate, interact, live, work and play. The internet is used virtually by everyone who has access to a computer. It has changed how fast information gets from place to place, like emailing and chatting with one another. Once someone emails or sends an IM to an legit email it is received instantly. Social media is a big part of everyone’s life, from young to old. We have also been introduced to web cams. With web cams and the internet we can actually communicate and see the person we’re talking to. People can use Skype or ooVoo to see someone who is 200,000 miles across the world. The internet is now taking the place of mail, magazines, and newspapers. Overall the internet has become essential to almost everyone’s daily life. Furthermore, the Internet has impacted and will continue to impact education and health related fields. The invention of iPods, smartphones, tablets, iPads, and e-readers, has made it easier and convenient for students. Students can now buy books offline, and look up information very quickly, all at their fingertips. School systems are also putting iPads and......

Words: 835 - Pages: 4

Premium Essay

Internet Ordering Website Set to Transform Gm Sales

...Student Name Instructor Name Course Name Date Internet Ordering Website Set To Transform GM Sales From a customer perspective an ecommerce website is easy to use and definitely beats the traditional method of buying a car. From General Motors’ perspective was anything but easy, requiring three years of intense work, 8000 employees and the investment of millions of dollars. It may well be exactly the transformation the auto industry has needed. In an effort to adapt to changing customer demands as well as to differentiate the company, GM brought a vast amount of outsourced IT operations in-house and completely renovated its computer infrastructure, resulting in what could be a sea-change for the U.S. automotive industry. While many customers have been making smaller online purchases such as books and clothing for many years and the trend continues to grow every year, the automotive industry has long been hailed as the holy grail of online sales. As though there weren’t already enough challenges for GM in this undertaking, it is important to keep in mind that GM does not sell directly to customers. Instead, it sells exclusively through a large dealer network. Over 30 percent of the manufacturer’s 4300 dealers are on board already with more expected to join going forward. With a close rate of 30 percent, dealers have a lot to gain as they benefit from a massive channel to an eager customer base leveraging GM’s massive investment in equipment and......

Words: 607 - Pages: 3

Premium Essay


...Why you lost the sale/How to keep a customer In order for a salesperson to be a good one (and make sales), they must know the customers personality, partner with the customer, know what they want; anything that will make the customer feel special in their own way and not just a number in your sales line. In chapter one we discussed ABCS, Analyse needs, present product Benefits, gain Commitment, and Service. This method is used to build long term relationships. In the article it says how many salespersons confuse or put the blame on why they may have lost a sale, but they are wrong. Below I have listed a couple reasonings the article has given and information related from the book, compaired to real life examples from my perspective. • The customer was loyal to someone else, lack of engagement. In my opinion, you have to be better at what you do in order to win over the loyalty of a customer. Make your product/deals/benefits more appealing to the customer. For example, create a rewards program. American Express has an extremely high interest rate on their credit cards, but I prefer teir service because they get me what I need when I need it. If I lose a card I get a new one the next day, if I have my card stolen they do not charge me for the costs. On the other hand, other credit cards you have to wait 7-10 business days for your replacement card, you are responsible for stolen costs, but the interest rate is less than have of American Express. To me, their benefits are......

Words: 712 - Pages: 3

Free Essay

Books vs Internet

...In today’s modern world, technology has a great influence on our life and time. The creation of internet and other devices to access it has helped us to attain gigabytes of information, just with the click of our mouse. The internet has made it possible for us to acquire answers for almost all of the questions that we ask, and has alleviated the access to information to almost every topic imaginable. Firstly, internet helps to save time and effort. All you need to do is type in your question and click SEARCH. It can give an answer to almost every question type in, and it is usually very quick, speedy and fast. Alternatively, the internet can sometimes provide us with unreliable information. It is like a blank page in which people are allowed to post whatever they want, and sometimes even the wrong information. The internet can be a source of unreliable and inaccurate information as it contains the judgment of different individuals and not the actual facts.  On the other hand, according to the OSA Webster Nine – “Using books or other printed texts can waste time, as you need to find the appropriate book and then search for the information you need from it. On the contrary, printed texts can be a great source of reliable information. Books are written by experienced authors who have researched well about the topic themselves before publishing it. A library can assure you that the book in your hand is dependable and trustworthy”....

Words: 259 - Pages: 2

Free Essay

Victorian Internet Book Review

...The Victorian Internet. Tom Standage. (London: Walker Publishing Company, 1998) In The Victorian Internet, the author Tom Standage notes that in Europe, people were hearing that there was something out of the ordinary that could send messages. At that time there were no truth to the whispering going on in Europe. Claude and Rene Chappe, two brothers, invented the first telegraph. Their telegraph travelled across ten miles in four minutes. It changes the people communication. Standage took different directions such as economic, social, and technological issues about the telegraph. Before the telegraph was invented, messages were sent by horse, ships, and trains. The telegraph and the internet, what we use today, has similarities but downfalls as well. The internet today allows us to send emails, meet people, and either be nosey or messy in chatrooms. The biggest downfall of the internet are scams, identity theft, and hacking. Big businesses or corporations rarely, but it happens, have hackers. The highest level of security rather it’s a business or your own person computer is never safe. The majority of the telegraph workers were women, and that goes to show you that in today’s society, women are running corporations and owning their own businesses. Britain female telegraphers were daughters of tradesmen, government clerks, and clergyman and between the ages of eighteen and thirty and single. Women were known as manipulators, capable of doing the job. Standage felt that...

Words: 550 - Pages: 3

Free Essay

Uniform Commercial Code: Article 2 Sales Transactions over the Internet

...Uniform Commercial Code: Article 2 Sales Transactions over the Internet Introduction The Uniform Commercial Code (UCC) generally refers to the main set of regulations and laws that were primarily established to harmonize and standardize sales and commercial transactions in the United States. The primary reason for standardizing the state laws regarding the conduct of sale and transactions is that, often in today’s society, those transactions and sales tend to extend beyond the jurisdiction of a given state. For instance, a particular product may be manufactured in California, warehoused in Arizona, sold in Texas and delivered in Michigan. Consequently, the use of the UCC has not only ensured uniformity of the state laws regulating commercial transactions but has also allowed the states to achieve the necessary flexibility required to meet their local transaction demands (Benjamin and Jane,1998). The history of the UCC dates back to the 1940s when top American legal scholars began to draft a uniform law regulating commercial transactions that was intended to be adopted into the code of statutes of all of the states in America. Although the content of the UCC is generally the same in all the states that have adopted it, some states have however undertaken minimal structural adjustments to conform to the local state customs. The implementation of the UCC has enabled people from various states to freely make their commercial contracts without the different terms and......

Words: 2777 - Pages: 12