How does price discrimination help customers

Assignment Help Business Economics
Reference no: EM131244352

1. How does price discrimination help customers?

2. Profits are a sign of a business exploiting its customers and workers. Profits are a sign that a firm has served its customers well. Pick one statement and defend it or critique it.

3. Some say a monopoly can charge whatever price it wants. This is not true, explain why? What restricts a monopoly? (government regulation is not the answer here).

Reference no: EM131244352

Questions Cloud

Female patrons a lower price for a drink than male patrons : A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profits by selling a total of 200 drinks (a night). At the current prices, male customers buy 150 drinks, while female customers buy 50 drinks. At this all..
Economies of scale and economics of scope : Distinguish between economies of scale and economics of scope. Why do some firms produce multiple products lines, while some produce only one.
Despite the great achievements in health : Despite the great achievements in health in the 20th century, the number of deaths from cardiovascular diseases have increased. Explain why this might have happened.
What would be the marginal user cost in each period : Assume that the inverse demand function for a two period depletable resource is P =24 – 0.2q and the constant marginal cost of supplying it is $6 (a = 24, b = 0.2, c = 6). What would be the efficient price in the two periods? What would be the margin..
How does price discrimination help customers : How does price discrimination help customers? Profits are a sign of a business exploiting its customers and workers. Profits are a sign that a firm has served its customers well. Pick one statement and defend it or critique it.
Key perspectives of a balanced scorecard : Consider the four key perspectives of a balanced scorecard: (1) The learning and growth perspective, (2) The business process perspective, (3) The customer perspective, and (4) The financial perspective in responding to the following:
Will people spend more or less money on health care : You are the newly appointed director of the World Health Organization (WHO). After settling into your new role, in a minimum of 250 words, identify what programs would you fund if you wished to make the largest impact on health, measured as the incre..
While specialization allows firms to produce many goods : While specialization allows firms to produce many goods and services at lower production and transaction costs than individuals can, most households still produce some goods and services for themselves. Which of the following provides a reason for th..
What is the capitalized equivalent cost of infinite payments : Maintenance costs on a bridge are $5,000 every third year starting at the end of year 3. For analysis purposes, the bridge is assumed to have an infinite life. What is the Capitalized Equivalent (CE) cost of these infinite payments, assuming an annua..

Reviews

Write a Review

Business Economics Questions & Answers

  Qconsider the application of the demand-revealing process

q.consider the application of the demand-revealing process to land assembly that we discussed in class. we defined d as

  Permanently increases the growth rate of money supply

Suppose that the Fed permanently increases the growth rate of the money supply. According to the Friedman effect as discussed in class, what will happen to both nominal and real interest rates in the short-run? In the long-run? Explain why.

  Adjust the benefit or cost curve

Adjust the benefit or cost curve or both to illustrate the private also social benefits also costs in the market for electricity.

  Natural disaster struck certain area of the country

Your reading on the topic of price controls should allow you to have some insights on certain situations that could emerge under stressful conditions. Imagine that a natural disaster struck a certain area of the country. Immediately basic goods such ..

  Define capital asset pricing model-arbitrage pricing theory

Research and define Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT). How are they the same and how are they different?

  What are the differences among horizontal, vertical

What are the differences among horizontal, vertical, and conglomerate mergers? What does the U.S. government hope to achieve through the use of its antitrust policy

  Comparative advantage in meatball production

Examine the first diagram showing the monthly production possibility frontier for the Tivoli and the monthly production possibility frontier for the Frivoli. Which tribe now has an absolute advantage in producing spaghetti? Which has the comparative ..

  Production possibilities curves are parallel straight lines

Two countries will have zero incentive to trade if their production possibilities curves are parallel straight lines because. One country has a comparative advantage in the production of both goods, thus providing that country with no incentive for t..

  What is the size of the transaction deposit multiplier

Suppose that the public wishes to hold $0.35 in pocket money (currency and coin) and $0.25 in time and savings deposits. Suppose that banks wish to hold $0.20 for each new dollar of transaction money received. Suppose that $0.05 finds its way outside..

  Can you give an alternative explanation for the difference

The statistcs shows that government antimonopoly policy has been applied more harshly to the textile industry than the automobile industry. Can you give an alternative explanation for the difference in the number of firms in the two industries?

  Using an EUAC and a cash flow approach

Clear Water Company has a down-hole well auger that was purchased 3 years ago for $30,000. O&M costs are $13,000 per year. Alternative A is to the keep the existing auger. It has a current market value of $12,000 and it will have a $0 salvage value a..

  Annual worth of an asset that costs nothing

What is the annual worth of an asset that costs nothing and gives you benefits of $3 in years one through 10? Assume your MARR is 20%.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd