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Select 2 companies in the geographical location you live in and find out if they "price discriminate." Why do these 2 companies "price discriminate?" In what ways do they "price discriminate?" Have these companies faced any negative feedback or press in terms of their pricing behavior? How is Chapter 10's treatment of price discrimination similar to any pricing strategies marketing people discuss? How is it different?
Chapter 10 covered:BundlingConsumer surplus1st degree price discriminationGroup pricingLock-inMaringal benefitMarkup pricingNetwork externalitiesPersonalized pricingPrice discriminationPromotional pricing2nd degree price discrimination3rd degree price discriminationTotal benefitTwo-part pricingVersioning
The production possibilities curve is an important model of how much an economy can produce given resources & technology.
Explain why do economists believe that the CPI overstates the rate of inflation
A rise in corporate income taxes increases the investment in physical capital for any given interest rate.
Explain how the locations of each of the four curves graphed in question 7b would be altered if (1) total fixed cost had been $100 rather than $60, and (2) total variable cost had been $10 less at each level of output.
Explain how do you go about drawing an indifference for such a utility function.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
Describe the reliability of the forecasts. Illustrate what do you tell him about these forecasts and their accuracy to help him make his decision.
The CEO of a major automaker overheard one of its division managers make the following statement regarding the firms's production plans:
The perticular information needed to calculate each metric should be discussed. For each metric discuss the appropriate target value and the actions that need to be taken to achieve the target.
Illustrate what are the major differences among an open and closed economy
Illustrate what questions would you suggest to the CFO to ask to marketing department and what is your recommendation to the CFO.
Illustrtae the difference among concretionary and expansionary fiscal policy.
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