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3) Second Degree Price Discrimination This question is demanding! A firm wants to price discriminate using quantities (nonlinear pricing or 2nd degree price discrimination). It faces two demand curves where each consumer only buys one unit of the good. Group 1: P = 60-2Q Group 2: P = 80-Q Marginal cost is constant and equals MC=20 (a) Before the firm price discriminates, what are the two quantities and prices? (4) Second Degree Price Discrimination Further develop Question (3). The company now changes Q1 to maximize its surplus. (a) What are the profit maximizing quantities? (b) What was the consumer surplus for the larger quantity before price discrimination. After price discrimination, what is the remaining consumer surplus for the larger quantity?
as a result of increased tension in the middle east, oil production is down by 1.21 million barrels per day-a 5 percent reduction in the world's supply of crude oil explain the likely impact of this event on the market for gasoline and the market ..
Assuming that overall taxes are cut by 10 percent across the board. What's likely to happen to equilibrium output and prices How will the tax cut affect government revenues in the new equilibrium
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at a recent meeting the president and the ceo of production inc. got into a heated argument about whether or not to
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