How come a newspaper vending machine can be opened easily, Ask an Expert

Economics

Newspaper and soft drink are priced almost the same around $1 per unit by vending machines. Given the same unit price (value), how come a newspaper vending machine can be opened easily (i.e. take as many as you want) but a Coke vending machine is tough to open (i.e. drop one can at a time)?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M946671

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question a monopoly has costs described by tcq60008q demand

Question: A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing price (P)? The response must be typed, single spaced, must be in times new roman fon ...

Question illustrate graphically the monopolists profit

Question: Illustrate graphically the monopolist's profit maximization problem. Include the monopolist's profit-maximizing price and level of output, any consumer surplus, any producer surplus, and any deadweight welfare ...

Question in the model of perfect competition all firms are

Question: In the model of perfect competition, all firms are price-takers since they treat price as a market-determined constant. Firm Perfcomp's total revenue function is TR(Q) = P.Q, in which P equals the output price. ...

Question a share of sox- a maker of disposable socks - is

Question: A share of Sox- a maker of disposable socks - is expected to pay a dividend of $1.25 next year. The dividend is expected to grow 5% each year thereafter indefinitely. The appropriate discount rate for this inve ...

Question where formal cartels are illegal what techniques

Question: Where formal cartels are illegal, what techniques can firms use to attempt to prevent "price wars" from breaking out and to maintain a price level in the market, which approximates the level that a monopolist w ...

Question engineering economics show all work and stepsa

Question: Engineering economics; (show all work and steps) A construction firm can achieve a $15000 cost savings in Year 1 and increasing by 10% each year for the next 5 year by upgrading some equipment. At an interest r ...

Question married people occasionally report that they are

Question: Married people occasionally report that they are less happy with their spouses than they expected to be before marriage. What might this have to do with the winner's curse? The response must be typed, single sp ...

Question firms engage in an activity called forward pricing

Question: Firms engage in an activity called "forward pricing" when they establish, during the early stages of the learning curve, a price for their product that is lower than their actual costs, in anticipation of lower ...

Question the moroccan monetary authority is using a heavily

Question: The Moroccan monetary authority is using a heavily managed float to keep the dirham at $0.12 per dirham. Under current foreign exchange market conditions, nonofficial supply and demand would clear at $0.15 per ...

Question consider the following products decide whether

Question: Consider the following products. Decide whether each one meets the conditions of perfect competition-state that it does or does not. Try, as much as possible, to answer these questions related to this good:Do b ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert