A media agency stores its re-creatable assets on Amazon S3 buckets. The assets are accessed by a large number of users for the first few days and the frequency of access falls down drastically after a week. Although the assets would be accessed occasionally after the first week, but they must continue to be immediately accessible when required. The cost of maintaining all the assets on S3 storage is turning out to be very expensive and the agency is looking at reducing costs as much as possible. As a Solutions Architect, can you suggest a way to lower the storage costs while fulfilling the business requirements?

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?