User Account

All Pages

Practicing price discrimination

Assignment Help Macroeconomics
Reference no: EM131053806

1. Do you agree or disagree: A price setter company (like a monopoly or an oligopoly) can earn greater profits by charging one price than by practicing price discrimination. Support your answer. Give example of how they do this.

2. What is price discrimination? Give three examples of it. What would NOT be an example of price discrimination? Which of the Four industries that we studied can do price discrimntaion? For a company what would be the ideal type of price discrimination?

3. What does a cartel OR a Kinked Demand Curve tell us about the nature of competition and collusion? Is it better to be a consumer where there is a cartel or kinked demand curve? Why? Pick one of the Two cases to examine for this question. Don't try to do both. Be specific and accurate.

4. What happens in the long run for the monopolistic competition firm and for the oligopoly firm? Which of the two are better for the consumer and why?

5. How are wages set in the labor market? Are workers and companies Wage (price) setters or wage (price) takers or both? Explain how a company or a worker can be a wage setter, while other companies and workers are wage takers. Hint: A wage setter is where the company/worker decide how much to pay/how much the wages should be and wage taker is where the company pays what the market wages are, no more or less.

Reference no: EM131053806

Questions Cloud

Give examples of denormalization : Give examples of denormalization.
Important-strategy formulation or strategy implementation : Which is more important, strategy formulation or strategy implementation? Do they depend on each other? Is it possible for strategy implementation to occur first?
Draw at least two query trees that can represent each : Draw the initial query tree for each of these queries, and then show how the query tree is optimized by the algorithm outlined in Section 19.7.
Outcome reveal about the size of the multiplier : a. Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I(g) changes to 10? What does this outcome reveal about the size of the multiplier?
Practicing price discrimination : Do you agree or disagree: A price setter company (like a monopoly or an oligopoly) can earn greater profits by charging one price than by practicing price discrimination. Support your answer. Give example of how they do this.
Develop cost functions for an algorithm : Develop cost functions for an algorithm
Write about an experience at a summer job and on sports team : Write about an experience at a summer job, on a sports team, a school work group, or any other situation in which you worked with other people for the purposes of completing a collective task
What is the optimal output level : Consider that the market demand for a certain commodity is p = 85 - 10Q, and the costs to a single firm of producing it are C(q) = 120 + 25q. a. What is the optimal output level? What about a socially optimal (competitive) output level?
Develop formulas for the hybrid hash-join algorithm : Develop formulas for the hybrid hash-join algorithm

Reviews

Write a Review

Macroeconomics Questions & Answers

  Production possibility frontier and opportunity cost

Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.

  Amazons autobot recently recommended which book

Amazon's "autobot" recently recommended a book to one of us titled Quality Maintenance: Zero Defects through Equipment Management. The book's description is "Achieve zero-defect product quality by eliminating the root causes of your equipment defe..

  What recommendations did they make do you agree with the

Summarize the November 1-2 FOMC meeting. What did they directly or indirectly imply? What recommendations did they make? Do you agree with the recommendations? Why or why not?

  What is the total number of turkeys caught by avatarians

Assume an avatarian with no training can catch 1 turkey per month. How many turkeys per month can an avatarian with 5 years of training catch? With 8 years of training? With 10 years of training? With 15 years of training? (b) Assume there are 100..

  Studies indicate that the price elasticity of demand for

studies indicate that the price elasticity of demand for cigarettes is about .4. if a pack of cigarettes currently

  1if c0 392 i 1192 g 779 x 386 mpc 097 t 018 and mpi

1 if c0 392 i 1192 g 779 x 386 mpc 0.97 t 0.18 and mpi 0.13 all numbers are in real terms and billions.a

  Which happens often with athletic and artistic events

“Scalping” refers to the practice of reselling tickets at a higher-than-original price, which happens often with athletic and artistic events. Is this “ripping off” why or why not?

  How much of the loss will george and nancy have to absorb

George and Nancy had a $30,000 repair bill on their home after the tornado went through town. Their policy contained the usual 80% co-insurance clause. Their home's replacement value was $150,000; their policy coverage was $110,000 with a $250 ded..

  Explain output at different levels of capital and labor

Assume you are looking at data for an economy that uses only two inputs, physical capital and labor. The table shows output for different combinations of labor.

  Question about open economy multiplier

In a closed economy, marginal propensity to consume .6. If the economy opens up to world and marginal propensity to import is .4, using the Keynesian model of output determination;

  Explain the optimal price and quantity combination

The demand for health club services is Q = 350 − 2P or the marginal cost of providing these services is MC = 110 + 2Q.if a two-part tariff pricing system is used what is the optimal price or quantity combination.

  Make sure to comprise explicit benefits that can be realized

make sure to comprise explicit benefits that can be realized by consumers as a consequence of the enforcement of this legislation.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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