Reference no: EM13693077

Question 1 : Find three products advertised or sold over the internet with Senior Citizen's discounts What are they, and how big are the discounts? Do the same products feature student discounts? If so, how large are they?

Question 2 : Suppose that all economics professors are identical. They all derive $600 worth of utility from owning a full working copy of the current year's version of Stata or $200 worth of utility from owning a student version with some features disabled. Students don't care at all about the extra features of the full version. At any price p for the student demand at MIT is 300-2p units per year. Assume that Stata has no marginal cost of selling its software.

Question 3: Pick a firm that was an early pioneer or market leader in a market, but which has now lost its leadership position. See what you can find out about the firm and why it lost its lead. How dose your explanations given in class for why pioneers may tend to fall behind?

Question 4 : Pick three proposed flights and look for each one on two different travel websites. How do the search results differ? Do you seem to be getting an unbiased listing of the best flights?