Hult EdTech Club
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      • Statista
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      • Finance
        • Bonds
        • Modern Portfolio
      • Economics
        • Efficiency Wage Theory
        • Consumer Surplus
        • Price Discrimination
        • Capturing Consumer Surplus
        • Reducing Marginal Costs
        • "Free" vs. free
        • Market of Lemons
        • Irrationality
        • Choice Architecture
      • Excel
        • Downloading Excel on your OSX
        • Excel Shortcuts for Mac and Windows
        • Data Analysis Pak on Excel for OSX
        • Office.com - Online Excel Data Analysis Pak
        • Generating Pivot Tables and Pie charts
        • Generating Descriptive Statistics
        • T-test with paired means
      • Languages
        • English
      • Presentation
        • How To Stop Using Filler Words
        • How to Introduce Yourself
        • Elevator Pitch
        • Pyramid Principle
      • R Programming
        • Installing R and R Studio for OSX
          • Common problems in R and R Studio
      • Statistics
        • Regression Analysis
          • Simple Linear Regression
          • Multiple Linear Regression
          • SSR, SSE, and SST
          • Standardized coefficients
        • One-hot encoding versus dummy encoding
        • ANOVA analysis
        • Interpreting box plots
        • Z-distributions, normal distributions
        • Sampling Distributions
        • Degrees of Freedom
        • Null and Alternate Hypotheses
        • Outliers in Boxplots
        • K-means clustering
        • Independent Variables with Correlation
      • Sustainability
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      • Anki Flashcard Decks
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      • Canvas
        • Canvas+ Extension
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      • Customized Problem Sets via ChatGPT
      • Excalidraw
      • Language Reactor
      • Mac OSX Keyboard Shortcuts
      • Scribe
      • Skim PDF (for OSX)
      • Tableau
        • Tableau Relationships vs. Join
      • Tools for Asynchronous Communications
      • Tradle
    • Learning Strategies
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      • Use a Dataset That Matters To You
      • Leverage AI in the areas you are not studying
      • Recommended Learning Tech Stack
    • Student Life
      • San Francisco
      • Accommodations Research
      • No Tax Filing (Form 8443)
      • Tax Filing (W-4, I-9)
      • California Franchise Tax Board
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      • Presentation and Pitch Decks
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      • Student Workload
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      • Hult Mentorship Club with Vishal Sachar
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      • 83 (b) Election
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  1. Resources
  2. Shared Notes
  3. Economics

"Free" vs. free

Free with hidden costs

  • Discounts, shipping, and handling

Free = $0.00

  • Non-linear edge to demand curve

  • Creating your own demand (Jello inventor gave out free recipes that you can use Jello. People decided want to learn to cook more).

References

PreviousReducing Marginal CostsNextMarket of Lemons

Last updated 1 year ago

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