Article Summary Brandeis University Economist Benjamin Shiller Has Written a Paper Which

question 212

Multiple Choice

Article Summary
Brandeis University economist Benjamin Shiller has written a paper which explains how Netflix could combine demographic data with customers' Web browsing habits to more accurately predict how much a customer would be willing to pay for a Netflix subscription, and how using this method of first-degree price discrimination would generate higher profits. Shiller explains that the more information a company has about its customers, the better it is at being able to set prices to increase profits. As he stated in his paper, "Using all variables to tailor prices, one can yield variable profits 1.39 percent higher than variable profits obtained using non-tailored 2nd degree price-discrimination. Using demographics alone to tailor prices raises profits by much less, yielding variable profits only 0.14% higher than variable profits attainable under 2nd degree [price discrimination]."
Source: Brian Fung, "How Netflix could use Big Data to make twice as much money off you," Washington Post, September 4, 2013.
-Refer to the Article Summary.If Netflix chose to use Shiller's pricing method,

• A)consumer surplus would be zero.
• B)producer surplus would be zero.
• C)deadweight loss would be maximized.
• D)consumer surplus, producer surplus, and deadweight loss would all be equal.

Understand the importance of accurate patient history including allergies and prior surgeries.

Familiarize with the metrics and sequences in paediatric measurements and adult vital sign assessments.

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Learn the terminology for describing blood pressure states and the importance of postural vital signs in diagnosing conditions like dizzy spells.

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Definitions:

Sexual Anatomy

The physical structures of the body related to sexual reproduction and function.

Intersex Newborns

Infants born with any of several variations in sex characteristics that do not fit typical binary notions of male or female bodies.

Naturally Developing

Refers to processes or behaviors that occur without intervention, in a regular or expected way, within an organism's natural environment.

Sexual Aggression

Behavior enacted with the intent to sexually coerce, harm or force activities against a person's consent, often manifesting through physical force or psychological manipulation.