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Which of the following is an example of price discrimination?
Increasing the price of a product when demand for the product increases.
Charging different prices for a product in different regions of the country due to differences in transportation costs.
Bundling complementary products to attract additional sales.
Reducing the price of a product to reduce excess inventory.
Assume an economy with a total population equal to 1. Individuals can only be employed or unemployed. Suppose this economy’s steady-state unemployment rate is 5%. We know that workers can lose their jobs and become unemployed with probability 4%. Wha..
What would be a short-term impact on the production of the corporation. Illustrate what would be the long term.
How can being a member of a nutrition organization/association that promotes the organic food movement, on a professional level enhance the career of a practitioner in the nutrition field?
What aspects of the Glass-Steagall Act do you think Congress or the Executive Branch of government should consider reinstituting to prevent re-occurrence of the 2008 financial crisis (TARP -Troubled Assets Relief Program and the Stimulus); or, do you..
Currently I can put $.25 (or $.50 or $1, depending upon the bar) in a juke box and get 2 1⁄2 minutes of noise. From the perspective of maximizing aggregate social welfare, should I also be able to buy 2 1⁄2 minutes of quiet for the same price? Explai..
Suppose firms become very optimistic about future business conditions and invest heavily in new capital equipment. Show the short-run effect of this optimism on the aggregate-demand curve. Which of the following reasons could explain why the aggregat..
Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the aggregate supply curve, or both. Divided into short-run and long-run measures, which diffe..
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
A farmer has 120 acres on which to plan wheat or corn. Each acre of wheat requires $20 capital and 2 hours of labor. Each acre of corn requires $35 capital and 6 hours of labor. Labor costs are $8 per hour. The farmer has $2000 available for capital ..
You are the manager of a business in a competitive market and your production technology is described by the total cost function. Determine the optimal quantity to produce and compute the profit of your business. Determine the optimal quantity to pro..
A new computer has a 4 year life span with an initial cost of $1,200 and a $200 salvage value. According to the straight-line depreciation method, what would the annual depreciation on the computer be? You buy a used Tesla Model S for $30,000. It is ..
International businesses frequently face sourcing decisions and decisions about whether they should make or buy the component parts that go into their final products. Should the firm vertically integrate into the manufacturing of its own component pa..
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