{"content":{"sharePage":{"page":0,"digests":[{"id":"47778136","dateCreated":"1323295352","smartDate":"Dec 7, 2011","userCreated":{"username":"amdevoss","url":"https:\/\/www.wikispaces.com\/user\/view\/amdevoss","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47778136"},"dateDigested":1532762653,"startDate":null,"sharedType":"discussion","title":"Economic Profit Defined & Examples","description":"http:\/\/www.investinganswers.com\/financial-dictionary\/financial-statement-analysis\/economic-profit-2927<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47065626","dateCreated":"1322487463","smartDate":"Nov 28, 2011","userCreated":{"username":"Hornbaker","url":"https:\/\/www.wikispaces.com\/user\/view\/Hornbaker","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316446772\/Hornbaker-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47065626"},"dateDigested":1532762653,"startDate":null,"sharedType":"discussion","title":"Economic vs Accounting Costs Video Link","description":"Here's a useful overview video.
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\nhttp:\/\/www.youtube.com\/watch?v=FgttpKZZz7o<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"45875986","dateCreated":"1320788419","smartDate":"Nov 8, 2011","userCreated":{"username":"JASCHAEFER","url":"https:\/\/www.wikispaces.com\/user\/view\/JASCHAEFER","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45875986"},"dateDigested":1532762653,"startDate":null,"sharedType":"discussion","title":"Economic vs Accounting Costs","description":"Talks about explicit and implicit costs, and economic profit:
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\nhttp:\/\/www.unc.edu\/depts\/econ\/byrns_web\/Economicae\/Essays\/Actg_V_Econ.htm<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"45297492","dateCreated":"1320028323","smartDate":"Oct 30, 2011","userCreated":{"username":"Matt_Gray1","url":"https:\/\/www.wikispaces.com\/user\/view\/Matt_Gray1","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45297492"},"dateDigested":1532762653,"startDate":null,"sharedType":"discussion","title":"Netflix opportunity Costs","description":"When Netflix raised it prices this summer, it faced a huge consumer backlash. Shortly after, Netflix announced it would split its DVD and streaming service into 2 different companies, sparking another round of subscription cancellation and a spiraling stock price. A large amount of ink has already been spilled over the validity of the decision, but I haven't read much from the economic point of view. Was Netflix pushing to hard to stay as a market leader by pushing to the streaming only service? Was the price increase justified due to increasing licensing contracts, or did it pay too much for those contracts simply because the company was fat on cash? In making those decision, the company must have weighed its opportunity costs. Was there a higher value in pursuing the streaming only service? Why drop the DVD mailing service, other the putting the last nail in the coffin of the post office. In short the opportunity costs for continuing the mailing service had to have been less then what it was forecasting to earn from going to a streaming only service. I think it is very likely that Netflix was seeing the trend toward a streaming only service, did the math, and decided it was time to act. Raising the cost on the steaming only service forced those who stayed to cancel their DVD service in order to keep their old rates, and it doubled down on its licensing costs in order to provide more streaming content. Unfortunately, economic decisions alone don't run a company. The announcement and explanation of the cost increase and service split was mangled twice by their CEO. Their was a huge consumer backlash spurred in part by social media rants. (Have you seen the Netflix facebook page, ouch!) Consumers have yet to see an increase in streaming content from Netflix, and they are loosing their Starz contract in February. Perhaps they should have included that in their opportunity costs?","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"44887392","dateCreated":"1319482758","smartDate":"Oct 24, 2011","userCreated":{"username":"kfraymer","url":"https:\/\/www.wikispaces.com\/user\/view\/kfraymer","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/44887392"},"dateDigested":1532762653,"startDate":null,"sharedType":"discussion","title":"Economics Blog","description":"This blog may prove helpful regarding your topic:
\nhttp:\/\/www.discusseconomics.com\/microeconomics\/microeconomics-profit-maximization-shutdown-point\/<\/a>","replyPages":[{"page":0,"digests":[{"id":"45295474","body":"Very helpful, thank you.","dateCreated":"1320026295","smartDate":"Oct 30, 2011","userCreated":{"username":"Matt_Gray1","url":"https:\/\/www.wikispaces.com\/user\/view\/Matt_Gray1","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}}],"more":0}]}],"more":false},"comments":[]},"http":{"code":200,"status":"OK"},"redirectUrl":null,"javascript":null,"notices":{"warning":[],"error":[],"info":[],"success":[]}}