Assignment:
I. You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert? Explain.
II. Students doing poorly in courses often consider dropping the courses. Many universities will only offer a refund up to a certain date. Should this affect their drop decisions? Explain.
III. Based upon the required reading, "The Era of Cloud Computing," answer the following questions.
1. "For the half-century that computers have been part of the workplace, companies have bought their own machines for corporate data centers." What costs must companies incur when setting up their own corporate data centers?
2. Why has Amazon Web Services (AWS) been able to cut the price of data storage so aggressively? (Think about what the long run average cost curve for data storage might look like.)
3. Mark DePristo (of SynapDx) says he gets computing services for $25,000 that would cost him $1,000,000 to provide for himself. Why would it be so much cheaper to buy the services?
IV. Based upon the required reading, "A Reality Check for Home Sellers," answer the following questions.
1. What error in decision-making are homeowners making?
2. If you were a real estate agent representing a seller, what would you advise?
3. How would your advice change if you represented a buyer?