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One method of price discrimination for firms is the use of coupons and rebates. Firms are basically allowing consumers to self-identify their respective price elasticities of demand for a product. Describe the last time you used a coupon or a rebate, and another time where you knew a coupon might be available and yet chose to not bother with it. Make sure to explain how the opportunity cost of your time and effort played a part in the choice you made.
Do you think price discrimination through coupons is fair? Should there be laws against this behavior? Why or why not?
The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $150,000 to develop and only $0.5 per unit to deliver to each cell phone customer.
How does an increase in savings impact the multiplier? Explain.
Discuss the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates, inflation, and unemployment rate in your explanation.
difference between what a consumer is willing to pay for a good or service
Explain how might the international monetary system be reorganised to rely less on the US dollar.
Samwel draws a break-even chart. To represent sales, he draws a straight line through the origin and the point (10,000 units, £66,000).
Suppose the exchange rate between the United States and China changed from 1USD=6.6CNY to 1USD=6CNY. In addition, there is sudden inflation in the United States but, but not in China.
State the current unemployment rate and inflation rate in Ireland and discuss the problems the pose for the Irish government. Discuss using examples and class materials
A contry's currency will depreciate if its inflation rate is less than that of its trading partners.
Draw the budget constraint showing the trade-off between dining hall meals and Cups O’ Soup. Assuming that he spends equal amounts on both goods, draw an indifference curve showing the optimum choice. Label the optimum as point A.
In 2008, the box industry was perfectly competitive. The lowest point on the long run average cost curve of each of the identical box produces was $4,
Provide a personal example that you have witnessed in terms of inflation and what future factors will increase the GDP of the U.S., and what factors will decrease GDP?
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