Question
During the California Gold Rush the real winners were not the gold miners themselves, it was the pickaxe manufacturers. A modern example of this is
During the California Gold Rush the real winners were not the gold miners themselves, it was the pickaxe manufacturers. A modern example of this is YouTube. YouTube provides the framework for individuals to attempt to monetize their video content. And while some YouTubers strike gold, Google ends up the real winner in the end as the owner of YouTube.
Suppose that the supply of YouTube videos is P = 0.0001Q (intercept of $0), where Q is the number of video views.
TRUE OR FALSE: "Sellers" should expect to make their first full dollar off their video after their videos reach one thousand views.
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