EconNews Topic: Elasticity

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EconNews Online is South-Western's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary.

PROFIT MAXIMIZATION AND THE FIRM
*Title*	*Brief Summary*
Reach out and touch someone over the Internet! Full Summary	A new form of competition has erupted in the telecommunications industry - using current digital Internet lines to transmit telephone calls, at little cost. (Updated October 17, 2003)
When it absolutely, positively, has to get there…even FASTER! Full Summary	In a move to become more competitive in the package-delivery industry, UPS has pledged to reduce ground delivery time by at least one day. (Updated October 17, 2003)
No More Annoying Sales People Full Summary	Federated department stores introduces amenities into its stores and reduces the number of human interactions in its stores. (Updated September 10, 2003)
To Charge or Not to Charge Full Summary	The tourism industry was hard hit by terrorism, modestly by the war with Iraq, and heavily by the continuing slow economy. A meeting in Florida recently examined the possible response by the industry to keep tourism related businesses afloat. One overriding message was to keep prices up! (Updated June 2, 2003)
Money for Nothing Full Summary	EMI has bought out Mariah Carey's lucrative recording contract for $28 million. This is symptomatic of the trend toward shorter commitments to artists, caused by their shorter spells of popularity and higher marketing costs. (Updated April 1, 2002)
Farmers Stick Neck Out and Raise Alpacas Full Summary	Alpacas are being increasingly farmed for their wool that, for example, can be woven into fine sweaters. Some owners are breeding alpacas for resale. (Updated September 1, 2000)

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