Answer all the questions given below and also include sources. Google provides email users with 15GB of “free” storage. Is it really free? If not, what are the costs and who pays them? Theoretically, users who reach their limit also have a third option: they can switch to a different email provider. Why might people be unwilling to do that? Consider the opportunity cost of users’ time associated with spending several hours to delete thousands of emails. If a user is willing to spend 2 hours per week deleting emails to avoid spending $2 per month for storage, what does that say about the value a user places on their leisure time? Is that rational?
Answer all the questions given below and also include sources. Google provides email users with 15GB of “free” storage. Is it really free? If not, what are the costs and who pays them? Theoretically, users who reach their limit also have a third option: they can switch to a different email provider. Why might people be unwilling to do that? Consider the opportunity cost of users’ time associated with spending several hours to delete thousands of emails. If a user is willing to spend 2 hours per week deleting emails to avoid spending $2 per month for storage, what does that say about the value a user places on their leisure time? Is that rational?
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 4E
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Answer all the questions given below and also include sources.
Google provides email users with 15GB of “free” storage. Is it really free? If not, what are the costs and who pays them?
Theoretically, users who reach their limit also have a third option: they can switch to a different email provider. Why might people be unwilling to do that?
Consider the
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