Degree price discrimination and profit maximization

Assignment Help Macroeconomics
Reference no: EM131100020

Using the principles of third degree price discrimination and profit maximization with third degree price discrimination, please solve the below problem:

On Amazon.com, there are three versions of Keynes' famous General Theory: a hardcover for $20.48, paperback for $9.16, and a Kindle version for $1.00. There is not much difference in the cost of production between hardcover and paperback books (though there likely is for the Kindle e-book version), but hardcover books do tend to be published earlier than paperback versions of the same book. How do you explain the wide variety of prices for basically the same book?

Reference no: EM131100020

Questions Cloud

Natural restorative powers : Policymakers should be passive in response to the business cycle since the economy, like the human body, has "natural restorative powers." Using an aggregate demand and supply diagram, explain this claim.
Determine h just before the plate starts to lift off hole : The weight of the air has a negligible effect on the manometer reading.
International gaming research assignment : Choose an International location that offers gaming (Do not include Macau). Discussion points for this paper are to include, but not limited to: An overview of the location;
Describe the topic for your literature review : Discuss the main findings and their implications. Given the results of your literature review, what is/are the prevailing argument(s)? What research question could you ask in order to further develop this area of study and contribute to the existi..
Degree price discrimination and profit maximization : Using the principles of third degree price discrimination and profit maximization with third degree price discrimination, please solve the below problem:
Discuss the development of the mughal empire : Option A: Discuss the importance of Kublai Kahn and the Yuan Dynasty in China. Assess his impact, positive and negative, on Chinese history. This source may help as well: http://www.history.com/topics/kublai-khan
Marginal revenue product of labor : Would a firm hire another worker if the marginal revenue product of labor exceeded the market wage rate?
Determine the surface temperature of the steel plate : Determine the surface temperature of the steel plate.
Analysis of the agency strengths weaknesses opportunities : Proposal for a new initiative along with 1-3 recommendations toward its implementation and Identification of stakeholders and 1-3 strategies to use to advocate the approval of the new initiative.

Reviews

Write a Review

Macroeconomics Questions & Answers

  1 a worker in equador can earn 3 per day making cotton

1. a worker in equador can earn 3 per day making cotton cloth on a hand loom. a worker in the united states can earn 70

  Economic recession-effect of invention

Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?

  Q1 many factors determine the supply and demand for labor

q1 many factors determine the supply and demand for labor. identify and explain two factors that would increase or

  What would cause an identical plant in china to be more

Why don't more U.S. companies transfer their operations to Mexico or China and take advantages of low wages in these countries? For example (ignoring geopolitical factors), what would cause an identical plant in China to be more productive or less pr..

  Suppose the indiana power company wishes to maximize

suppose the indiana power company wishes to maximize profits. the cost demand and revenue functions have been

  Expected inflation in each year for five years

Suppose the economy starts with a price level of 1.0 and zero expected inflation. A price shock of 5 percent occurs in the first year (Z = 0.05). No further price shocks occur (Z = 0 in all future years). Trace the path of the economy back to potenti..

  Cost of a particular level of output

What do you call the average production cost of a particular level of output; total input cost divided by units of output?

  Determine long run equilibrium

A company in a purely competitive industry is currently producing 1000 units a day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300.

  What are the effects of international trade to gdp

What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.

  Write detailed report on chinas growth in last thirty years

The question is belongs to Economics and the question is about the growth rate achieved by China in the last 30 years beginning from 1978 to 2009.

  What would be effect on each of four types of unemployment

One of the goals of macroeconomic policy is to reduce the severity of business cycles. Q. If the severity of business cycles were reduced, what would be the effect on each of the four types of unemployment  and on the unemployment rate as a whole

  Regulating taxi cab owners association

Many cities regulate taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab, where enforcement officials can easily see it.

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