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Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.
a. A local restaurant/bar offers discounted drinks during "happy hour," from 5 to 6 PM on weeknights.
b. The price Company X charges for its ink cartridges is nearly as much as it charges for a printer.
c. Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4.
d. Coupons for specials at a local grocery store can be downloaded from an online site.
e. Computer and appliance manufacturers promote service contracts.
f. Microsoft Office includes several programs in one package.
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
Jenny, your niece, is a smart high-school student who wants to make intelligent choices for her future. Hearing of your course in business economics,
Elucidate how much labor should the firm employ. What is the resulting output and profit.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Draw the budget line on the Edgeworth box through the endowment point. What is the equilibrium allocation?
Systems to predict food shortages also need reviewing: early warning systems are of limited use without an effective response from policymakers. How will CAADP work when or initiatives have failed in past.
A young physician makes $180,000 per year with an annual salary increase of 2%.
Mytown uses an interest rate of 6%. What is the EAC for Mytown's policy? What is the EAC for the optimal policy? What is the optimal policy?
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
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