Advantage of dynamic pricing over fixed pricing

Assignment Help Microeconomics
Reference no: EM1375701

Provide the advantage of dynamic pricing over fixed pricing and what are the potential disadvantages of dynamic pricing? If you were in charge of pricing strategy, what pricing strategy would you use and why?

Reference no: EM1375701

Questions Cloud

Question about cost structure and transaction : Discuss why the cost structure associated with many kinds of information products and services might imply a market supplied through a small number of large companies.
Preventing the impact of systemic risk : Mankiw discusses that if federal authorities suppose responsibility, entire financial system might well become a group of government sponsored enterprises.
Multiple choice questions related to market concentration : Determine when a competitively produced product generates negative externalities in production, the industry will,
Calculating output, price and total revenue : Ageless Corporation has a patent for a new promising age defying moisturizer cream. The yearly demand, marginal revenue, and marginal cost functions for this cream is given:
Advantage of dynamic pricing over fixed pricing : Provide the advantage of dynamic pricing over fixed pricing and what are the potential disadvantages of dynamic pricing?
Pros and cons of making the decision to buy a new car : Discuss all of the Pros and Cons of making the decision to buy a new car and we require to consider about macro & microeconomics and any other psychological, sociological or business concepts that may affect the decision.
Characterize the elasticities of demand and supply : Alfred Kahn, currently an economics professor at Cornell University, led the United States drive to deregulate airline industry as chairman of the Civil Aeronautics Board under President Jimmy Carter.
Calculate the maximum lump-sum tax : California's newly deregulated power market start operation. The large power utilities in state turned over control of their electric transmission amenities to the new Independent System Operator (ISO) to promise fair access to transmission through a..
Determine expected cost per transformer : Delta Electronic Services is an electrical utility firm serving parts of several states. It is planning replacing some of its machine at generating substations and it trying to decide whether it should replace an older,

Reviews

Write a Review

Microeconomics Questions & Answers

  Democratic theory and business ethics

Discuss how the rights of those in the public sector differ from those in the private sector, and how it affects overall public sector productivity.

  Computing optimal profits

Compute the best response function of each firm in terms of prices. Compute the resulting equilibrium price quantity combination for each firm. Describe your answer with a suitable graph. Also calculate optimal profits of each firm.

  Discussion on the federal government

Suppose as your company's lobbyist, what would you like to see done through Federal government that would be of help to your company? This could be what government could do or what they could stop doing this.

  Market structure of oligopolies

What happens in the market for oranges if there is a hurricane that destroys the orange crop and explain why is strategic interdependence important for market structure of oligopolies?

  Efficiency of technical and economic

At a management luncheon, two managers were overeat arguing about the following statement "A manager must never hire another worker if new person diminishing returns". Is this statement correct? If so, why? If not, discuss why not?

  Explanation to price discrimination

Which of the following is NOT a condition for price discrimination? Different groups of consumers should be charged differing prices for the same product. The firm's demand curve should be downward sloping.

  Monopolistic and perfect competition market model

Discuss the difference between monopolistic competition, and perfect competition market models and also provide examples from the real life.

  Analysis of a proposed soda tax

What does the market for sugary sodas look like?  Provide a supply-demand graph with realistic prices.

  Economic technological revolution

Select 5-innovations associated with Industrial Revolution and five innovations from Technological Revolution. For each innovation, recognize the effects it had on individuals, societies, businesses, and politics.

  Determination of demand and supply

Early this year, thousands of Americans flocked to Apple's outlets to purchase iPad 2 sold by iconic brand. Long queues snaked outside many of Apple's outlets dotted over the states.

  Supply-demand-equilibrium quantity and price

Find out the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $30 is imposed in this market. Also determine the full economic price paid by consumers.

  Purpose of a regional trading arrangement

Choose either the European Union or the North American Free Trade Arrangement, and answer the given questions based on your choice:

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