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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?
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
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. identify and explain two factors that would increase or
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 profits. the cost demand and revenue functions have been
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..
What do you call the average production cost of a particular level of output; total input cost divided by units of output?
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 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.
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.
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
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.
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