00:01
What do the usps's financials tell you about whether, a, 8, the usps creates economic value, b is more efficient than ups or fedex, and c needs to re -examine its business model? in regards to the u .s .ps creating economic value, yes, the u .s .ps does in fact create economic value.
00:21
It's a unique federal asset that can be called upon during a major disaster or terrorist attack when power and phone lines are useless.
00:29
Is it more efficient than ups or fedex? yes, usps has the most competitive rates, free pickup and packaging on priority express mail, and a good range of urgent and non -urgent delivery options.
00:46
And part c needs to re -examine its business model.
00:49
They do need to re -examine their business model by relaxing service standards.
00:53
The postal service can move further towards a hub -and -spoke network, which could result in substantial savings.
00:58
What positive externalities does usps produce and how has the value of these externalities changed over time? the postal service generates positive externality.
01:10
Positive externalities occur when actions of some people generate for others without any claim.
01:17
There is a risk in the case of public goods which generates positive externality as they are underprovided within society.
01:25
Postal services facilitate economic activity, benefit quality of life, and provide wider benefits beyond those accruing to the immediate participants in postal transactions.
01:40
It facilitates economic activity due to its interconnectedness with many businesses.
01:46
Explain how you would calculate the economic value created by the usps, considering the positive externalities it produces.
01:54
The social cost equals the private cost plus the external cost.
01:58
Social benefit equals the private benefit plus external benefit.
02:02
U .s .ps is a company that produces a merit good, which is a gooder service that has both private benefits and associated positive externalities.
02:14
What capabilities and competencies does the usps have that would enable it to create economic value by offering financial services? would creating economic value this way fit with the u .s .ps's overall purpose, culture, and history? why or why not? the real problem facing the postal service is sustained, steep, and stark drops in demand...