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Question - Suppose the firm above is able to price discriminate as follows: they charge a price of $160 for the first 200 units, then a price of $120 for the next 100 units. Calculate new level of deadweight loss.
What is the gain in consumer and producer surplus associated with this price discrimination?
W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants. a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu? b) Find the variance of Wa.
There are 200 pounds of food on an island that must be allocated between 2 marooned sailors. The utility function of the first sailor is given by Utility= ( F1) Where F1 is the quantity of food consumed by the first sailor. For the second sailor u..
How those metrics are monitored. How the organization applies Deming's PDCA paradigm to quality control; or if it doesn't, how it could or should apply that paradigm.
Suppose 2 firms are found on the real line [0,1]. Firm 1 is located at a=.15, and Firm 2 is located at 1-b, where b=.15. Assume P1=P2=$10. Consumers face a distance cost of $2 per square unit of distance. What can you infer about the market share of ..
In today's economic climate, retailers are continuously conducting sales in order to get customers in their doors. Analyze the short-term and long-term effects of continuous sales to all stakeholders.
What type of market do you think Hilton Hotels franchise operates (perfectly competitive, monopoly,monopolistically competitive, oligopoly and what are the specific characteristics that make it this type of firm?
Find the equilibrium price and quantity for this market and Draw the budget constraint between "leisure hours" on the horizontal axis and "wage income" on the vertical.
a. market equilibrium requires that other influences other than price be held constant. why might the existence of
a plot crowding out for the following situations on a graph and explain why you get the resultsi perfectly inelastic id
This assignment reviews how supply and demand interact to determine the market price and quantity of a good or service. You have been given an Excel spreadsheet with data on different variables determining demand and supply for a given product (e.g. ..
How the economy coordinates society's independent economic actors. A country's gross domestic product (GDP) and how it is defined and calculated.
Calculate the cross price elasticity of demand for wheat. The wheat demand function is q = 1200 - 9.5 p +16.2 pr + 0.2 y where q is the quantity of wheat demanded in thousands of metric tons per year, p is theprice of wheat in $ per kg, pr is the ..
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