ECON 103 Chapter : ECON103 Problem Set 1.pdf
27 Mar 2014
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It is not necessarily true that dundee must have been a great trainer. Dundee has the ability to see potential in people and merchandize, in this case, a car. Even though the commercial indicated he saw the talent in the car, it does not show any indication that the car can be trained to be a great car. In conclusion, as seen from the sterling commercial, dundee is not necessarily a great trainer. The newspaper machines expose all of the newspapers upon purchase because the consumer gets the marginal gain from the first newspaper that is taken out. The other newspapers in the machine contains exactly the same information as the first newspaper. Therefore, there is nothing gained from getting multiple newspaper from the machine. On the other hand, candy machines dispense one candy per purchase because candies are consumable, and the second candy will taste just as good as the first.
