COMS 401 Lecture Notes - Lecture 2: Sunk Costs, Fixed Cost, Wii

• School: University of Calgary
• Department: Communications Studies
• Course: COMS 401
• Professor: Richard Hawkins

Document Summary

Economists: mainly concerned about competition, supply and demand. Welfare: distribution of a resource, net affects on the public, negative or positive affect. Diagrams: how do you connect people and networks efficiently: Basic logic of regulation: charging whatever corporations want. The last (bottom) line/ connection: the wired last mile . Fixed cost: cost you make simply to provide the service. Sunk costs: is a fixed cost, but cant be used for anything but for the reason it was made. Going to have lower marginal costs as more customers are connected. If you"re going to connect something, you might as well connect a lot of people than 1. Private sectors use public sectors but public sectors still gain benefits from this. Platform: anything you can connect to use another source, built upon another platform. (using the wii to go on the internet ) Price cap: came after the rate of return. Phone company actually has to file a tariff.