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Understanding Internet Economics: Supply, Demand, and Next-Gen Technology

In Lecture #5 of "Internet Economics," we delve into crucial topics including the law of supply, factors affecting supply, and the elasticity of supply. We will explore profit maximization, production functions, and cost functions alongside an examination of cost curves and market supply. Additionally, this lecture provides insights into the next generation of the Internet, discussing IPv6, multimedia service protocols, and the essential network infrastructure needed for advancement. Read the assignment for further understanding of demand function construction.

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Understanding Internet Economics: Supply, Demand, and Next-Gen Technology

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  1. Internet Economics Shi-Chung Chang Yi-Nung Yang

  2. Lecture #5: Outline • Last Time • Law of supply • Factors affecting supply • Elasticity of supply • Profit Maximization • Production Function • Cost function • Cost curves • Market supply • A first look at the Internet Industry

  3. Lecture #5: Outline • Today: Next Generation Internet • IPv6 • Multimedia Service Protocols • Network Infrastructure • INDEX project • Demand Function Construction Reading Assignment: http://www.cis.ohiostate.edu/~jain/bnr/

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