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As you know, airlines practice price discrimination by charging leisure and business travelers with different prices. They could do so because of the different elasticity of demand between these two groups of travelers. Different customers pay varying prices for essentially the same coach seat because some passengers qualify for discounts and others do not. Since the discounts are substantial in many cases, the customer who qualifies for a discount pays a significantly lower airfare. Now, please answer the following question:
Is this consistent with profit-maximization? Given the current high cost of jet fuel, will you continue this practice? Why or why not? Please explain.
q1. monopoly. please respond to the following.imagine monopolizing a service or product of your choice. discuss explain
q.suppose a firms production function is given by q l12k12. the marginal product of labor and the marginal product of
Would you say the firm is price discriminating? Why or why not, and if yes what type of price discrimination is this? If people began trading these hard drives freely between the US & Mexico, what would happen to the price?
Burlington Coat Factory Warehouse, Inc., had a dress code that required male salesclerks to wear business attire consisting of slacks, a shirt, and a necktie. Female salesclerks, by contrast, were required to wear a smock so that customers could read..
Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.
Supposed that you are in the 28% bracket and that you are looking at a municipal bond. The bond has a coupon rate of 2.75%. You see a 3.85% coupon taxable bond available as well. Goven your tax bracket. What would you choose the tax free or the taxab..
If you were a supplier to the furniture producer, would have chosen to see the analysis performed in physical sales units rather than dollars of revenue.
Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided. Use "structural unemployment’s, cyclical unemployment, and frictional unemployment." 2 are cyclical, 1 is..
Define the equilibrium of a market. Describe the forces which move a marketplace toward its equilibrium.
As the manager of smith construction you need to decide on the number of homes to build in a new residential area where you are the only builder. How many homes should you build and what profits can you expect.
Consider education (e) and health (h). Education depends on school inputs (like good teaching and school supplies), denoted s, and on health. School inputs and health are perfect substitutes in the production of education: Find the equilibrium levels..
If the economy is competitive so that factors of production are paid the value of their marginal products, illustrate what is the share of total income that will go to land.
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