How is switzerland renouncing network externalities

Assignment Help Microeconomics
Reference no: EM131020650

Speaking about a trip to Switzerland, economist Daniel Hamermesh noted in an article in the New York Times that electrical outlets in Switzerland use an unusual three prong plug. Adapters for that type of plug are not typically included in adapter sets, so he and his wife weren't able to plug their computers into their hotel's outlets. Hamermesh wondered: "Why does Switzerland renounce the network externalities that would come with using standard European plugs with their standard 220-volt electricity?" How is Switzerland "renouncing network externalities" by not using standard European plugs?

Reference no: EM131020650

Questions Cloud

What is the incremental operating profit the firm : Bangers, In. is a start up manufacturer of Australian style frozen veggies pies located in San Antonio. The company 5 yrs old and recently installed the manufacturing capacity to quadruple its unit sales. what is the incremental operating profit the ..
Which of the joint products should be processed further : To maximize firm value, which of the joint products should be processed further and which should be sold without further processing?
Explain oligopoly and perfect competition market structures : Explain oligopoly and perfect competition market structures, and identify the key factors that distinguish them.
What advantages and disadvantages are there in using snoopy : In an opinion survey, Snoopy was found to be the most appealing celebrity endorser. The beagle from the popular Peanuts comic strip appeared in commercials for the insurance company MetLife. What advantages and disadvantages are there in using Sno..
How is switzerland renouncing network externalities : Adapters for that type of plug are not typically included in adapter sets, so he and his wife weren't able to plug their computers into their hotel's outlets. Hamermesh wondered: "Why does Switzerland renounce the network externalities that would ..
Tax bracket is trying to decide which of the two bonds : An investor in the 28 percent tax bracket is trying to decide which of the two bonds to purchase. One is corporate bond carrying an 8 percent coupon and selling at par. The other is a municipal bond with a 5 ½ percent coupon and it, too, sells at par..
What do jensen and miller mean by giffen behavior : In studying the consumption of very poor families in China, Robert Jensen and Nolan Miller found that in both Hunan and Gansu "Giffen behavior is most likely to be found among a range of households that are poor (but not too poor or too rich)." Wh..
What are the ethical implications of these strategies : Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the effectiveness of these strategies in the market structure you identified
Prepare the statement of cash flows for starbucks : Prepare the income statement for Starbucks for the year ended October 2, 2011. (5 points)

Reviews

Write a Review

Microeconomics Questions & Answers

  Write down the required reserves of peoples national bank

suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the

  Describe the regression methods in detail

I am needing help with regression analysis with excel. specifically I am needing help on part 3 and 4 on my project for running the data and getting the empirical results.

  If prices fall in a perfectly competitive industry

If prices fall in a perfectly competitive industry, the firms in that industry in the shortrun will:

  Information that helped make a decision a well-informed one

What information did you have or obtain that helped make your decision a well-informed one.there something you didn't know beforehand.

  Calculate the optimal quantity and the consumer surplus

Let the inverse demand curve for tennis classes is: P = 90 - 1.5Q. If the equilibrium price is $15, calculate the optimal quantity and the consumer surplus. If price increase to $30, calculate the optimal quantity and the new consumer surplus.

  What does gdp measure

First, what does GDP measure? Even if we prefect the measure by correcting for price increase

  Explain how the public interest theory of regulation

Explain how the public interest theory of regulation might come to a different conclusion regarding emission fees v. marketable permits than the interest group theory

  An exam tomorrow

An exam tomorrow, the subject is econometrics(T-tests/linear regression,dummy variables, Functional forms etc.) . the exam consists of 2 parts. First part is 10multiple choice questions to be completed in 45mins. the second 9 multiple choice an..

  Define diversification

The learning effect is one form of: a)diversification b) creating value through increasing transactions costs c) creating value through stabilizing transactions costs, d) creating value through decreasing transactions costs

  Text and other literature

Response insufficiently answers the Assignment question(s); insufficiently uses the text and other literature.Response exhibits simplistic or reductive thinking and analysis and demonstrates limited knowledge on the subject matter.

  1 production possibilities frontiera sketch a production

1. production possibilities frontier.a sketch a production possibilities curve not a straight line with consumer goods

  Demand be allowed during extreme times of demand

Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd