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Customary pricing is:
1. a pricing method where the price the seller quotes includes all transportation costs.
2. setting the same price for similar customers who buy the same product and quantities under the same conditions.
3. deliberately selling a product below its list price to attract attention to it.
4. a method of pricing a product based on tradition, standardized channel of distribution, or other competitive factors.
5. pricing based on what the market will bear.
Now that you are an expert on elasticities, what do you think would be the best time of year to raise prices, and why? What do you think the elasticities are in the flower business? Use graphs and hypothetical tables to support your answer.
If a company wants a 20% profit, what is the minimum they will bid on the project? Given: Each modular home to be installed is $100,000. The installation is to be done by one crew over 4 years (paid $10/hour with 5% increase/year) with a learning cur..
illustrate what sales output and price should it set. what strategy would you recommend.
In the end, firms allocate scarce resources toward the production of goods and services most valued by society because:
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed several standard designs for a group of similar transmission line towers. The detailed design for each tower is bas..
Suppose that the government imposes a temporary tari? on all imports, which makes imports more expensive relative to domestic residents (reducing the trade balance for any fixed level of the real exchange rate). Discuss the implications of this polic..
Spending by the consumer sector is the driving force in the US economic system. Although the business and government sectors make a considerable contribution to the success of the economy, it is the spending by the consumer or household sector of the..
Consider an investor who, on January 1, 2016, purchases a TIPS bond with an original principal of $100,000, an 8 percent annual (or 4 percent semiannual) coupon rate, and 10 years to maturity. From your answer to part a, calculate the inflation-adjus..
Which of the following is example of moral hazard?
Using graphical analysis for demand and supply, please show in two graphs how an improvement in the technology (such as using artificial intelligence programs for diagnosis/interpretations) would affect the healthcare market, an increase in mergers a..
A liter of gasoline in Canada costs about 1.03 Canadian dollars. Explain how this information entails two unit-of measurement problems for a typical U.S. citizen stopping to buy gas in Canada who wants to know how much the gas “really” costs.
Profit associated with polluting for Friedman Inc are 40Q-2Q2 ,where Q=pollution emitted (in tons) and profit are measured in dollars. Marginal benefit of polluting, derived from this function are MB =40-4Q. how much pollution do you expect Freidman ..
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