Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In the spring of 2005, General Motors shifted its auto discounting policy to regionally targeted rebates in which the manufacturer offered varying discounts to different parts of the United States. Suppose that GM dealers offered all consumers in a given region the same posted price for a specific model (which was GM's pricing policy for its Saturn automobiles). Assume that it is unprofitable for a consumer to purchase an automobile in a low-price area and then to resell it in a high-price area.
a. What form of price discrimination was GM's new policy?
b. What is the relationship between a region's price and its price elasticity of demand?
c. GM also eliminated a high-profile discount program "in an apparent effort to damp consumer expectation of big price cuts" (Lee Hawkins Jr., "GM Alters U.S. Discount Program with a Region-Specific Strategy," Wall Street Journal, March 7, 2005, A2). How do expected future prices of an automobile affect the current demand? Is a national discount program that is targeted to reduce slumping sales a form of price discrimination? Explain.
Frances has lived in an apartment for ten years when she decides to buy a house. Her one-year lease will end on May 1. On April 15, she orally con¬tracts to buy Smith's house for $100,000, with the closing (transfer of the deed) to take place on J..
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. Does price exceed aver..
Are these two programs at odds with the goal of reducing cigarette consumption? As part of your answer, illustrate graphically the effects of both policies on the market for cigarettes.
It is your job to come up with a distribution formula for state aid to counties. What factors might you include in your formula? Why?
A town has a bakery that sells bread and a cheese shop. It costs $1 to make a loaf of bread and $2 to make a pound of cheese. If the bakery's price for a loaf of bread is p1 and the cheese shop's price for a pound of cheese is p2
Why might the British government's critics have thought it possible to lower interest rates after taking sterling out of the ERM? (Britain was in a deep recession at the time the article appeared.)
Describe any apparent correlation between the changes in interest rates and changes in the inflation rate, the unemployment rate, and GDP since August 2010.
You expect to receive a payment of $104 one year from one. Your discount rate is 4 percent. What is the present value of the payment to be received Suppose that the discount rate is 5 percent what is the present value of the payment to be received
The rental fees are $300 per month for single bedrooms, and $420 per month for doubles. Smith is a smoker and would be willing to give up $250 per month rather than give up being able to smoke at home.
Assume the Following IS-LM Model E Expenditure sector Sp = C + I + G + NX C = 110 + (2/3)YD Calculate the equilibrium values of private domestic investment (I), tax revenues (TA), and real money demand (md). How much of private domestic investment (I..
Demand: Q=225-15*P Costs: 300 + 12Q + 0.5Q2(superscript) a. What is the marginal revenue function for this firm b. What is the marginal cost function for this firm c. What is the profit maximizing level of output
how much will be in the account at the end of the 10-year period?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd