February 3, 2020 Netflix adds subscribers. Questions What does Netflix blame for its sluggish increase in new members in the North American market? Netflix competes in a competitive market. Explain why the demand curve that Netflix faces is downward sloping and not horizontal. What happens to the demand curve that Netflix faces as new firms … Continue reading Netflix Adds Subscribers

February 3, 2020 Manufacturers to spend $26.2 billion on ‘upskilling’ in 2020. Questions According to the National Association of Manufacturers’ Outlook Survey, what has been the number one challenge for manufacturers during the past nine quarters? What is the effect of an increase in labor productivity on employment and the real wage rate? How does … Continue reading Manufacturers to Spend $26.2 Billion in 2020

February 3, 2020 23andMe slashes 14% of workforce. Questions According to 23andMe CEO Anne Wojcicki, why is the demand for genetic tests decreasing? Suppose that the market for genetic testing is perfectly competitive. What is the effect on the marginal revenue of each firm in the market when the demand for genetic testing decreases? Why … Continue reading 23andMe Slashes Workforce