Questions for 19 January 2006
- What do the variables in the supply functions signify when the "information"
is music? I.e. what are the artist's costs of creation, of "chunking and
tagging," of reproduction, of marketing and distribution?
- How are the pirate's costs different?
- Does it matter if the media of distribution to consumers
are CDs or .mp3 files?
- What are the values of the variables in the demand function?