Difference between these types of price discrimination

Assignment Help Business Economics
Reference no: EM131094783

Indicate the types of price discrimination for the cases below. Based on the above examples, explain the difference between these types of price discrimination. Case A1. Gino Pizza offers a lunch special: 5.59$ for a grilled chicken sandwich, a bottle of soft drink, and a small bag of potato chips. If you buy them individually, their prices are: 4.89$ for chicken sandwich, 1.50$ for soft drink and 0.99$ for potato chips. Case A2. Guggenheim Museum charges its customers in the following way: adults 18$, seniors (above 65) 15$, and children (under 12) free. Case A3. T-Mobile offers different cell phone service plans targeting at different consumer groups, such as 39.99$ for 300 min, 49.99$ for 600 min and 59.99$ for 1000 min.

Reference no: EM131094783

Questions Cloud

Show the substitution effect and the income effect : Emma spends all her money on sneakers and coffee. Emma’s budget is $50 and the price of sneakers is $10. The optimal bundle for Emma varies with the price of coffee and is as follows: According to the information above what is the price of coffee in ..
What is the deadweight loss of this tax : The demand curve for two liter bottles of soda is given by QD=4000-300P, and the supply curve is given by QS=1300P. In an effort to reduce soda consumption, the government has placed a tax of $4 per two-liter bottle that is added to the consumer’s bi..
What is the equation for the market supply curve : The market marginal benefit for milk (in gallons) is given by MB = 132 - 8/3925 Q. There are two firms in the market that produce milk. The first firm’s marginal cost curve is given by MC1 = .0003125Q, while the second firm’s marginal cost curve is M..
Annual inflation rate : The purchase of a car requires a $ 24,587 loan to be repaid in monthly installments for four years at 12% annual real interest rate. If annual inflation rate is 4 %, find the exra amount to be paid in 20th month due to inflation.
Difference between these types of price discrimination : Indicate the types of price discrimination for the cases below. Based on the above examples, explain the difference between these types of price discrimination. Case A1. Gino Pizza offers a lunch special: 5.59$ for a grilled chicken sandwich, a bottl..
What are some ways to overcome these stereotypes : Women are sometimes stereotyped as "moms"; and many times it is assumed that working mothers would not be interested in a major new assignment that could advance their career. What are some ways to overcome these stereotypes?
Impact of the ice storm on the market for kerosene heaters : Last year a very severe ice storm hit the north counties of New York state, and the states of Vermont and Maine. Electric poles were down and no one had power for days. It was reported that the price of kerosene heaters skyrocketed and the number pur..
Strain theory discusses several responses : Strain theory discusses several responses we have when we experience the "strain" of life: Conformity, Ritualism, Retreatism, Rebellion, and Innovation. These are our ways of adapting to life as we experience it. Conformity is when you accept that yo..
Is the president in charge of the national government : In your PERSONAL--and now INFORMED--JUDGMENT, what do YOU think: Is the president in charge of the national government? SPECIFICALLY, WHY did YOU take the position on this question that you have taken?

Reviews

Write a Review

Business Economics Questions & Answers

  If total product is decreasing-marginal product

If total product is decreasing, marginal product is

  Assume the demand function for basketballs

Assume the demand function for basketballs is given by QD = 150 −3P + 0.1I, where P = price of a basketball, and I = average income of consumers. Also, assume the supply of basketballs is given by QS = 2P. If the market for basketballs is perfectly c..

  Beef market if an economic recovery increased incomes

Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?

  The real wealth effect is described

Fill in the blanks in the following explanations: a. The real wealth effect is described by the following: An increase in the price level leads to a(n) __________ in real wealth, which leads to a(n) __________ in purchasing power, which leads to a(n)..

  Government places a binding price floor in the market

If the government places a binding price floor in the market for milk, then we know that

  The price elasticity of demand

If the price elasticity of demand in the United States for American-made luxury cars is 1.9, what is the impact on revenue if the price increases by 10%?

  Determine the appropriate sales price for the drug

A prescription drug is produced in the United States and sold internationally. Each unit of the drug costs $60 to produce. In the German market, you sell the drug for 150 euros per unit. The current exchange rate is 0.667 U.S. dollars per euro. Curre..

  What is the optimal quantity pear produces

Pear Inc. is a monopolist producing the iWatch, a wristwatch mobile communication device. The iWatch is a device that will last for exactly two periods, after everyone will switch to Boogle Glass, a eyeglass mobile communication device that is not ye..

  Costs of transportation

Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.

  Elucidate the total cost also the firm total profits

Elucidate the Total Cost also the firm total profits. If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output.

  Determine the optimal number of units to put in a package

A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. Determine the optimal number of units to put i..

  Constant factor in both in our personal and work lives

Change is a constant factor in both in our personal and work lives. There seems to be resistance to change whether the change will be good or bad. Why do people resist change?

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