YouTube Launches Live TV in the US Google has launched YouTube TV, a $35-amonth service that carries live streaming from all the major broadcast and sports networks as well as some cable networks and local sports and news channels. Users will be able to record an unlimited amount of content and multiple shows simultaneously, without using up any data space on mobile devices.

a. How has live streaming changed the production possibilities of video entertainment and other goods and services?

b. Sketch a PPF for video entertainment and other goods and services before live streaming.

c. Show how the arrival of inexpensive live streaming has changed the PPF.

d. Sketch a marginal benefit curve and marginal cost curve for video entertainment before and after live streaming.

e. Explain how the efficient quantity of video entertainment has changed.