FX4568
Apr 4, 10:24 PM
Phew. Thanks for clearing that up for us. Until you explained it so well I was really worried.
Well, this is macrumors and i try to stay away from economic theories, but you asked for it, so here we go:
Monopolies cause "allocative deadweight loss" (although its main argument applies towards state-owned enterprises)
What does that mean?
In a competitive market, producers dont have the freedom to set a price because the rival can always undercut them until the point where lowering the price will cause in a loss.
BUT the monopolist firm can decide the price it charges by varying the quantity it produces, so it will produce only up to the quantity where its profit is maximized. UNDER NORMAL CIRCUMSTANCES, the level of output is lower than the socially optimal one, which is where the max price a consumer is willing to pay is the same as the minimum price that the producer requires in order not to lose money.
When the amount produced is LESS than the socially optimal quantity, it means not serving some consumers who are perfectly willing to pay MORE than the minimum price that the producer requires but who are unwilling to bear the price at which the monopoly firm can max its profit. The unfulfilled desire of those neglected consumers is the social cost of monopoly.
So basically, monopolies will start losing more money when they start raising the price since consumers will either 1) not be able to access such services (since they will only make the MIN amount for MAX price and by using calculus, you would rather spend a little more in the amount produced and make a little less profit rather than having an EXACT amount although you would make the best profit IF you sold ALL items) or 2) consumers will just stop using it since cell phone devices are not a NECESSITY but instead a WANT. do you think you will pay whatever cellphone company if the price exceeds a certain comfort zone in your income bracket? you wont.
Furthermore, I will take it one more step. Monopolies can be good. If you look at the Mexican carrier, Telcel. The year Telcel was monopolized by Carlos Slim (riches man in the world now) coverage in Mexico grew more than it did in the hands of the state. According to the "monopoly=bad" argument, service in Mexico should have dropped in every other city that is not important in Mexico's economy while service should have exploded in cities such as Mexico City and Puebla. No, it exploded in the main cities while it also exploded with the whole country
In conclusion, monopolies are only dangerous IF the monopoly is a necessity based. i.e. lets say one man owned the whole united states food supply. Then yes, monopolies would be the worst. But not cell phone companies, cmon if monopolies were SOO good for the company why would Bell even break up his own company? just for the lulz? I dont think so. Because the government told him so? I certainly dont believe it since Bell probably would have had the power to lobby his way out and in case nothing worked he couldve just brought it up to the Supreme Court.
Anyways, enough with the economics jargon. Enjoy your economics class :P
Well, this is macrumors and i try to stay away from economic theories, but you asked for it, so here we go:
Monopolies cause "allocative deadweight loss" (although its main argument applies towards state-owned enterprises)
What does that mean?
In a competitive market, producers dont have the freedom to set a price because the rival can always undercut them until the point where lowering the price will cause in a loss.
BUT the monopolist firm can decide the price it charges by varying the quantity it produces, so it will produce only up to the quantity where its profit is maximized. UNDER NORMAL CIRCUMSTANCES, the level of output is lower than the socially optimal one, which is where the max price a consumer is willing to pay is the same as the minimum price that the producer requires in order not to lose money.
When the amount produced is LESS than the socially optimal quantity, it means not serving some consumers who are perfectly willing to pay MORE than the minimum price that the producer requires but who are unwilling to bear the price at which the monopoly firm can max its profit. The unfulfilled desire of those neglected consumers is the social cost of monopoly.
So basically, monopolies will start losing more money when they start raising the price since consumers will either 1) not be able to access such services (since they will only make the MIN amount for MAX price and by using calculus, you would rather spend a little more in the amount produced and make a little less profit rather than having an EXACT amount although you would make the best profit IF you sold ALL items) or 2) consumers will just stop using it since cell phone devices are not a NECESSITY but instead a WANT. do you think you will pay whatever cellphone company if the price exceeds a certain comfort zone in your income bracket? you wont.
Furthermore, I will take it one more step. Monopolies can be good. If you look at the Mexican carrier, Telcel. The year Telcel was monopolized by Carlos Slim (riches man in the world now) coverage in Mexico grew more than it did in the hands of the state. According to the "monopoly=bad" argument, service in Mexico should have dropped in every other city that is not important in Mexico's economy while service should have exploded in cities such as Mexico City and Puebla. No, it exploded in the main cities while it also exploded with the whole country
In conclusion, monopolies are only dangerous IF the monopoly is a necessity based. i.e. lets say one man owned the whole united states food supply. Then yes, monopolies would be the worst. But not cell phone companies, cmon if monopolies were SOO good for the company why would Bell even break up his own company? just for the lulz? I dont think so. Because the government told him so? I certainly dont believe it since Bell probably would have had the power to lobby his way out and in case nothing worked he couldve just brought it up to the Supreme Court.
Anyways, enough with the economics jargon. Enjoy your economics class :P
CS5679
Feb 21, 09:41 AM
ahahahah.........Oh goooooogle! :D
Fotoguy10002
Apr 22, 03:55 PM
I downloaded a movie rental before my travels and when I tried to play it an error message came up that said the movie is unable to play. I have tried restating the I pad 2 but it did not correct the problem. Any advice on how to correct this issue.
Howard
Howard
citizenzen
Mar 20, 10:48 AM
... As I'm going through my folders in search of the files he starts getting flustered and belittling. ...
Besides pricing yourself too low and underestimating the time needed to pull-off a project, I picked up on this (your quote).
If you're going to be a professional graphic designer, it's time you got your filing/archiving system down. As you saw on that phone call, a little fumbling around and disorganization doesn't reflect wel and gives your nightmare clients the opportunity to belittle you. Don't give them that opportunity. Be organized.
One final thing. Phone time is meeting time. Meeting time is billable. Especially when the phone calls are over 1/3 of your billable time.
And good luck with the career. :)
Besides pricing yourself too low and underestimating the time needed to pull-off a project, I picked up on this (your quote).
If you're going to be a professional graphic designer, it's time you got your filing/archiving system down. As you saw on that phone call, a little fumbling around and disorganization doesn't reflect wel and gives your nightmare clients the opportunity to belittle you. Don't give them that opportunity. Be organized.
One final thing. Phone time is meeting time. Meeting time is billable. Especially when the phone calls are over 1/3 of your billable time.
And good luck with the career. :)
more...
hglk
Apr 29, 01:37 AM
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3_2 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8H7 Safari/6533.18.5)
Among Samsung's patents that Apple allegedly infringed, there's this one:
U.S. Patent No. 6,292,179 on a "software keyboard system using trace of stylus on a touch screen and method for recognizing key code using the same"
Which Apple product uses a trace of stylus???
So doesn't the Nintendo DS infringe in this stylus patent as well??
Among Samsung's patents that Apple allegedly infringed, there's this one:
U.S. Patent No. 6,292,179 on a "software keyboard system using trace of stylus on a touch screen and method for recognizing key code using the same"
Which Apple product uses a trace of stylus???
So doesn't the Nintendo DS infringe in this stylus patent as well??
alent1234
Apr 7, 10:24 AM
Only issue I want fixed is wifi. Disconnects a lot.
other than the regular router issues between devices of different manufacturers, there is an old wifi bug that dates back to the first ipad. when it goes to sleep it doesn't release the IP after the half life of the lease like it's supposed to according to open standards. the router ends up assigning it to another device
other than the regular router issues between devices of different manufacturers, there is an old wifi bug that dates back to the first ipad. when it goes to sleep it doesn't release the IP after the half life of the lease like it's supposed to according to open standards. the router ends up assigning it to another device
more...
saly2
Jul 9, 02:38 AM
let us see how you can buy the best and cheapest iphone 4!
iphone3gs16gb
Apr 26, 11:26 PM
What makes lesbian porn so likable?
Dude....are you serious?
Has your hypothalamus been damaged?
Dude....are you serious?
Has your hypothalamus been damaged?
more...
aswitcher
Nov 3, 08:10 PM
Ok i thought i would start this thread just so we can have a list of must have free apps, mainly for the newbies, but also for the oldbies to share the ones they already have...
my must haves are
MacStumbler (http://www.macstumbler.com/)
(finds Wireless Networks)
I have found Kismac superior.
my must haves are
MacStumbler (http://www.macstumbler.com/)
(finds Wireless Networks)
I have found Kismac superior.
neutrino23
Nov 19, 08:09 PM
I see TJ Maxx's acquisition of some iPads as a marketing scheme. If a few select stores have at least 5 to offer at a discounted price, imagine what kind of results they would get if they offered them as a Black Friday Doorbuster Special. They would probably get hundreds lined up at the door like Best Buy does for a deeply discounted HDTV or laptop. As for a warranty, I don't think they offer warranties on any of their products because they are a clearing house.
Exactly. They could have bought a couple hundred legitimately at normal prices from a distributor and then distribute a small number to each or only select stores to be used as loss leaders. Kind of like when we raffle off an iPod or iPad at our booth at a trade show. We are actually giving this away, we don't sell tickets, we do this in order to get lots of people in the booth.
Exactly. They could have bought a couple hundred legitimately at normal prices from a distributor and then distribute a small number to each or only select stores to be used as loss leaders. Kind of like when we raffle off an iPod or iPad at our booth at a trade show. We are actually giving this away, we don't sell tickets, we do this in order to get lots of people in the booth.
more...
Inf4life
Jul 9, 10:21 PM
I'm probably going to the one in Niles on Milwaukee.
aNYthing24
Apr 6, 03:13 PM
It's been pretty good. As far as I know, only redsn0w will work at the moment. The process was rather simple and quick. Not sure if you have to upgrade to 4.3.1, but I recommend you do anyway since it gets rid of the screen glitches that are found on 4.3.
more...
Laird Knox
Apr 6, 01:33 PM
Just wondering if anyone agrees. That amount of data isn't that big when you think about it..
It's not like they are fixed at that number.
It's not like they are fixed at that number.
Rustus Maximus
Mar 31, 02:45 PM
What will these device classes (and their successor innovations) be capable of in 3 years? 5? 10? 30?
The same thing we're doing on Mac desktops/laptops...right now. I'm no naysayer, the iDevices are what they are. I think the iPad/iPhone/iToy whatever name everyone attaches to them are innovative consumer devices. I think some of the backlash you are seeing is because the professional "Truck Drivin' " Apple users are wanting a bit more focus and attention on the devices that actually create the vast majority of content the iDevices were created to enjoy.
Let's face it...at the moment you're not going to be using an iThing to create the latest amazing 3D CG animation or mind blowing game and by the time those devices can do that...well, we'll be able to shout about it to each other's holograms at that point.
As someone said earlier, these devices are a great supplement to a more powerful Mac.
The same thing we're doing on Mac desktops/laptops...right now. I'm no naysayer, the iDevices are what they are. I think the iPad/iPhone/iToy whatever name everyone attaches to them are innovative consumer devices. I think some of the backlash you are seeing is because the professional "Truck Drivin' " Apple users are wanting a bit more focus and attention on the devices that actually create the vast majority of content the iDevices were created to enjoy.
Let's face it...at the moment you're not going to be using an iThing to create the latest amazing 3D CG animation or mind blowing game and by the time those devices can do that...well, we'll be able to shout about it to each other's holograms at that point.
As someone said earlier, these devices are a great supplement to a more powerful Mac.
more...
likemyorbs
Mar 16, 01:37 PM
Good news everyone!!! You guys remember the connecticut home invasion where Dr. William Petit, his two daughters and wife were brutally attacked in their home, and the daughters and wife were tortured, raped and murdered? Well, the trial for the second suspect is going on today, and he's probably getting the death penalty!! The first suspect, steven hayes, was already sentenced to death a few months back. CHEERS!!! :D:D:D I'm so glad connecticut is one of the sane states that has a death penalty. Unfortunately my state was the first to ban it in 2007. I would say go for a good old fashioned lynching.
harrymerkin
Sep 10, 08:54 AM
Question. How did you get your weather widget background to be transparent, but not the text (the symbols and temps)? When I adjust the transparency in Amnesty, the whole widget (not just the blue background) goes more transparent....
I am using a widget called 'Invisible Weather', and for the life of me i can't find where I got it from. A google search should be turning something up, but I'm not seeing it, hope that helps.
I am using a widget called 'Invisible Weather', and for the life of me i can't find where I got it from. A google search should be turning something up, but I'm not seeing it, hope that helps.
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tktaylor1
Apr 24, 12:57 AM
How very original.
Good luck getting through life with some 2000 year old book doing your thinking for you.
How very original for you to say that. It doesn't make all of my decisions. It doesn't do my thinking for me. I make my own decisions, I just happen to agree with a lot of what this "2000 year old book" says. This is one of those times where I agree.
Good luck getting through life with some 2000 year old book doing your thinking for you.
How very original for you to say that. It doesn't make all of my decisions. It doesn't do my thinking for me. I make my own decisions, I just happen to agree with a lot of what this "2000 year old book" says. This is one of those times where I agree.
Mattlike
Oct 4, 04:35 PM
I just associated each one to an app and memorized it. They are slightly modified versions of these icons here (http://davidchen.deviantart.com/art/Etom-Project-White-65264754).
Do you have a hi-res version of that Yvonne Strahovsky wallpaper?
Do you have a hi-res version of that Yvonne Strahovsky wallpaper?
MusclezMarinara
Mar 9, 09:12 AM
Looking to buy a lightly used imac or mac mini
Been on ebay but would imagine a more reputable place would be here if anyone has any useful input id appreciate it
:D
thanks
Been on ebay but would imagine a more reputable place would be here if anyone has any useful input id appreciate it
:D
thanks
WRIGHTRACING
Apr 4, 10:17 PM
OMG I've never seen so many crybabies in my life...Really crying because a business raised prices...Better not go to wal-mart, they have price increases there all the time:eek::eek:
Hellhammer
Mar 17, 01:18 PM
MacRumors supports Tapatalk which I think is similar to Forum Runner.
Popeye206
Apr 7, 08:46 AM
Why all the negatives? Patches are a good thing.
They are... but the JB people hate it because it breaks their JB if they upgrade.
Anyway... there are a couple annoying little bugs in the current software so an update is good.
I've seen the "unlock the home screen" bug. Happened once or twice to me. And I've noticed slightly worse battery... but the last update really seemed to fix that for me.
Good to see Apple proactive in keeping updates coming.
They are... but the JB people hate it because it breaks their JB if they upgrade.
Anyway... there are a couple annoying little bugs in the current software so an update is good.
I've seen the "unlock the home screen" bug. Happened once or twice to me. And I've noticed slightly worse battery... but the last update really seemed to fix that for me.
Good to see Apple proactive in keeping updates coming.
FaasNat
Oct 6, 02:04 PM
Here's hoping Safari implements some sort of cookie manager and popup window blocker perferences similar to how Firefox's are.
mikeschmeee
Apr 19, 05:57 PM
No way to embed a youtube video on this forum which is kind of lame in my opinion but no worries. here is the link for those who are interested.
http://www.youtube.com/watch?v=MbI9bF1DTiY
More photos:
http://farm6.static.flickr.com/5143/5635638602_7ef879735d.jpg (http://www.flickr.com/photos/mikeschmeee/5635638602/)
http://farm6.static.flickr.com/5225/5635759032_0696fac333.jpg (http://www.flickr.com/photos/mikeschmeee/5635759032/)
http://farm6.static.flickr.com/5229/5636149718_ae860c2a87.jpg (http://www.flickr.com/photos/mikeschmeee/5636149718/)
http://farm6.static.flickr.com/5106/5635669923_ae5495f185.jpg (http://www.flickr.com/photos/mikeschmeee/5635669923/)
Hisdem, is that a Factory Five Racing car?
http://www.youtube.com/watch?v=MbI9bF1DTiY
More photos:
http://farm6.static.flickr.com/5143/5635638602_7ef879735d.jpg (http://www.flickr.com/photos/mikeschmeee/5635638602/)
http://farm6.static.flickr.com/5225/5635759032_0696fac333.jpg (http://www.flickr.com/photos/mikeschmeee/5635759032/)
http://farm6.static.flickr.com/5229/5636149718_ae860c2a87.jpg (http://www.flickr.com/photos/mikeschmeee/5636149718/)
http://farm6.static.flickr.com/5106/5635669923_ae5495f185.jpg (http://www.flickr.com/photos/mikeschmeee/5635669923/)
Hisdem, is that a Factory Five Racing car?