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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.
Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical life? 4. Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical lif..
Explain what do you think the fact that most American CEOs are paid so much more than rank-and-file employees suggests CEOs are overpaid.
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Fifteen families live in Willow Cannon. Although several water wells have been drilled, none has produced water. The residents take turns driving a water truck to a fill station in a nearby town.
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so Why?
The bond, which may be called after five years, has a nominal yield to call of 5.4%. What is the bond's call price?
q1. state two economic principles of taxation and which principle best justifies the excise tax on gasoline when the
Demand curve facing a firm in a perfectly competitive market each firm is so small and re are so many firms that none can affect price.
Explain the connections between opportunity cost and the production possibilities frontier.
Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1954? Check all that apply
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