User Account

All Pages

Account the psychological biases

Assignment Help Business Economics
Reference no: EM133064177

There are certain times when the demand for Uber rides increases (bad weather, rush hour, special events, etc.). Uber uses "surge pricing" as a way of charging more during these periods of high demand. Customers aren't always happy about this, and traditional taxi cab drivers are happy to accuse their rivals of "exploiting customers." What is at least one way that Uber could market surge pricing that might take into account the psychological biases of it's customers and help limit negative reaction to the practice?

Reference no: EM133064177

Questions Cloud

Assignment on gross domestic product : Gross Domestic Product was designed as a measure of economic activity, specifically a measure of national production. Despite this intent, GDP is widely interpr
Relationship between human capital and economic growth : What are the predictions of economic theory regarding the relationship between human capital and economic growth? What other key factors affect economic growth?
Prepare journal entries for miliani retaliated : Seida reported income of $331,000 and declared and paid dividends of $102,000. Prepare journal entries for Miliani retaliated to its investment in Sida
What are the firm short-run profits : A firm sells its product in a perfectly competitive market where other firms charge a price of $110 per unit. The firm estimates its total costs as ??(??) = 70
Account the psychological biases : There are certain times when the demand for Uber rides increases (bad weather, rush hour, special events, etc.). Uber uses "surge pricing" as a way of charging
What is the sub-game perfect nash equilibrium : Consider the following two player sequential game. Player 1 moves first and can choose either option Left or option Right. If he chooses option Left, then Playe
How much franchise revenue should the franchisor record : Siomai Queen sells franchises for an initial fee of P100,000. How much franchise revenue should the franchisor record on March 15, 2019
What should be the equivalent production under fifo : With the beginning work in process consisting of 5,000 units, 1/5 done, what should be the equivalent production under FIFO
What is mental accounting : In a practical money management context, what is mental accounting? How is it applied to investment selection?

Reviews

Write a Review

Business Economics Questions & Answers

  Characterizes the us system

Garber and Skinner suggest that the large per capital health spending in the US (and relatively low returns to health) are due to productive and allocative

  Showing the long-run supply curve for the industry

The price of the typical MP3 player (such as the iPod) has been going down in the past 10 years. What could explain this consistent drop in the price of MP3

  What theories from this chapter revealed through the case

1. What theories from this chapter revealed through the case? 2. How did Gore's "sponsors" program facilitate the creation of high-quality relationships among

  Discuss the security market line

Discuss the Security Market Line (What it depicts, what variable measures its slope and its intercept). Show a graphical example using the market portfolio.

  People in developing nations usually degrade

On the other hand, people in developing nations usually degrade also pollute their environments locally also Do not have the similar high level of technology to mitigate these effects.

  Draw the production function

The production function at Ginko's Copy Shop is q = 1,500 * min (2L, 3K), where q is the number of copies per hour

  Present worth analysis over five-year planning horizon

EmKay Carriers is considering the purchase of a new truck to replace one of its aging trucks. The current truck has a remaining life of 5 years and it is expected to have a salvage value of $25,000 at the end of its useful life. Operating and mainten..

  What is the expected average mips

What modern microprocessor architectural features might be added to the CPU to improve its MIPS rate?

  Identify any quantitative or qualitative forecasting factors

Explain how and why each source is valuable and useful.

  Active policy approach be more politically popular

Some economists argue that only unanticipated increases in the money supply can affect real GDP.

  Long-run equilibrium for perfectly competitive firm

Which of the following is NOT a characteristic of long-run equilibrium for a perfectly competitive firm?

  What are the determinants of aggregate demand

Illustrate the effects of changes in various factors on a nation's aggregate demand. Include expectations about the future expectations, fiscal policy, monetary policy, and changes in the world economy. What are the determinants of aggregate demand? ..

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd