Microeconomics Homework

Chapter 11 Assignment

Take a look at this Seinfeld video (you might have to go outside of Blackboard to get the video to play):

http://yadayadayadaecon.com/clip/76/

Answer the following questions:

1. How does this video capture some of the things discussed in this class concerning costs?

2. What costs change that make their scheme seem profitable?

3. What costs do Newman and Kramer seem to be ignoring?

After you answer the questions, then you might want to take a look at some of the comments provided by others as this video has been used in many micro classes. Submit your response by email to me by EOD on Sunday, June 7th.