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Discuss the pricing policy of price discrimination. Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on time of the day, age, and purchase dates. Why?
Provide an example of a price discrimination for a good or service that you considered unfair. Do you still believe that the discrimination is unjustifiable?
At leat 250 words, no plagiarism
Compare the formula for calculating the present value of the payments you will receive from owning a bond to the formula for calculating the present value of the payments you will receive from owning a stock. What are the key similarities? What ar..
Home Country: Given that the total market of the Home country is 900,000 units. Given the equations and parameter values above, solve for the equilibrium number of automobile companies, the number of cars each firm will produce, and the price of the ..
analyze the major barriers for entry and exit into the airline industry. explain how each barrier can foster either
List the main sources of the financial crisis in 2008, and describe them how they affect the financial market - Find an example of the principal and agent problem (Moral Hazard) and explain how that affects the failure of investment banks in 2008 ..
The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, What is the most effective way of decreasing the quantity of drugs consumed
How many units can Sony expect to sell in a month? Using the information given above, calculate the own price elasticity? Given your calculations, should Sony increase or reduce the price to maximize revenues Calculate the advertising elasticity and..
Does this goal still apply to our understanding of the role of the business firm in society? Provide examples to support your understanding. Does government or society have a role to play in expanding the Friedman discussion?
Who benefits and who loses from this discrimination? Show the effect of discrimination on wages and employment in both occupations and on total output in each. (Hint: have one graph for nurses, and a separate for doctors.)Need someone to help me with..
Having a little trouble setting this problem up. Would appreciate the detailed set up and solution. A production function has 2 inputs - labor and capital. Both are perfect substitutes. Existing technology permits 1 machine to do work of 3 workers..
The minimum wage is a price floor in a mar- ket for labor.The government sets a minimum price per hour of labor in certain markets, and no employer is per- mitted to pay a wage lower than that. Go to the Depart- ment of Labor's minimum wage Web pa..
How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue and besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will ..
A nondiscriminating profit-maximizing monopolist
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