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Discuss the pricing policy of price discrimination. Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on time of the day, age, and purchase dates. Why?
Provide an example of a price discrimination for a good or service that you considered unfair. Do you still believe that the discrimination is unjustifiable?
Using graphical analysis for demand and supply, please show in two graphs how. an improvement in the technology (such as using artificial intelligence programs for diagnosis/interpretations) would affect the healthcare market,
Where individual meters have been installed, water usage has declined 10 to 40 percent. Elucidate that drop, referring to price and marginal utility.
Suppose that we start in a situation where the expected and actual inflation is equal to the Central Banks inflation goal and that the production is on the natural level. Suppose now that the consumers are becoming more pessimistic about the future i..
The rate of stockturn for Company T in the year 2006 was 12.5. At the start of that year the company held stock to the value of $327,950, and at the end of that year the value of stock held was $300,450.
Suppose Katie, Kendra, and Kristen each purchase a particular type of cell phone at a price of $80. Kate's willingness to pay was $100, Kendra's willingness to pay was $95, and Kristen's willingness to pay was $80. For the three individuals together,..
Suppose you are given the following Total Product Function: ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Find the Marginal products of capital, labor, and ma..
The seaport town of new monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ship must wait hours every day just to dock this is an example of
In chapter 15, we discussed several different pricing tactics aimed at consumers. Which of these do you respond most favorably to? Why? How might this be impacted by the type of consumer (lifestyle, demographics, etc.)? (marketing class)
What are 5 personality traits that an entrepreneur needs to be successful? Personality traits are enduring, fairly consistent tendencies to feel.
Estimate for the standard deviation of the population? give detail answers to each of the problem below 1. you deposit $ 10,000 in a savings account today. if the interest rate is 3 % what is the value in 20 years ? 2. if the interest rate is 7% and ..
You have been tasked with determining the pay structure for a new team of sales workers. You are considering whether to pay them strictly on commission or whether to pay a smaller commission but guarantee a modest base salary.
In a competitive industry the market-determined price is $12. A firm is currently producing 50 units of output, average total cost is $10, marginal cost is $15, and average variable cost is $7. In order to maximize profit, the firm should
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