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Dynamic Pricing Benefits & Drawbacks
Select a company that uses or has used dynamic pricing, and respond to the following questions:
1. What is the definition of dynamic pricing?
2. How does the company you have chosen use dynamic pricing?
3. What are the benefits and drawbacks of dynamic pricing for that particular company?
4. Summarize your findings.
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
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Describe the idea of trade offs cost also benefit analysis when answering the above question.
Illustrate what would this typical basket have cost in the base year.
Illustrate what is the amount of the producer surplus for Juan Carlos combined.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
Compute the price-cost margin for every firm and indicate which has more pricing power and why.
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
If the Federal Government is giving more than it receives in tax revenues in an effort to reduce unemployment
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
Elucidate entity establishes a price ceiling also does it require government sanction for violators
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