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Question: Explain how each of the following is a form of price discrimination.
a. a student discount at the movie theater
b. long-distance phone service that costs 15 cents per minute for the first 10 minutes and 5 cents per minute after 10 minutes
c. a psychic who charges each customer his or her maximum reservation price for palm readings
d. a senior citizen breakfast discount at a local restaurant
e. coupon discounts on laundry detergent
Determine several points on the firms demand curve for labor. To do this, you must determine how many workers the firm should hire for different values of the wage rate in order to maximize profit. Complete the table below:
assume that every citizen of country x has the utility function of ux y 5x4y. say that x denotes cigarettes and y
Present a bar graph of the annual real total return to the S&P 500 and indicate on the graph with three lines the average annual return, and plus and minus two standard deviations from the average annual return.
Where P is the product price and Q is the output level A. Given we have a monopoly due to a patent, determine the profit maximizing output level, the monopoly price, and economic profits. Solve and show graphically.
Ethical Dilemma: How would you describe Wal Mart's impact on local economies and communities, and how far should "corporate social responsibility apply?
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:-
Discuss the context of legislation - name the expected demanders and suppliers as outlined in our textbook and describe the expected interest groups and there specific arguments.
Summarize what you learned about the challenges associated with prioritizing national programs. State and defend your choices regarding spending and taxation changes.
Expands rewards for all major components of the value chain, which should include the company, employees, suppliers, and customers. Evaluates and anticipates risks associated with the investment.
Which of the following are examples of automatic stabilizers? Check all that apply.
Suppose you win a small lottery and you are given the following choice: You can (1) receive an immediate payment of $10,000 or (2) three annual payments, each in the amount of $3,600, with the first payment coming from one year from now, the second t..
Calculate the yeild to maturity YTM for each bond
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