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Which of the following is an example of price discrimination?
Increasing the price of a product when demand for the product increases.
Charging different prices for a product in different regions of the country due to differences in transportation costs.
Bundling complementary products to attract additional sales.
Reducing the price of a product to reduce excess inventory.
The key condition for equilibrium to occur in a market is: A. the demand curve equals the supply curve. B. quantity demanded equals quantity supplied. C. price equals quantity. D. demand for one good equals demand for all other goods.
If the two firms each maximise profits independently, explain how much output would each firm produce. Explain how much quasi-rents would each factory earn.
What is the elasticity of supply in that range of the supply curve? How much tax revenue does the government collect?
Needs advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry
Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.
John buys shoes for $1 a pair and socks for $1 a pair. His annual income is $20. Now suppose the government institutes two new programs: first, it taxes shoes, so that shoes now cost John $2 a pair. Second, it gives John an annual cash gift of $10. ..
Illustrate what risks do you face. Upon inquiry at your bank, you find that the forward price for a September contract to buy dollars is 10SKr per dollar. How might you hedge your exchange-rate risk for the first year.
a country that does not currently tax cigarettes is considering the introduction of a 0.40 per pack tax. the economic
The U.S. government has a legal monopoly on the printing of U.S. currency. For the sake of this question, suppose the government decides to relinquish its monopoly—the Department of Justice will “break up” the federal government’s monopoly on U.S. cu..
What are some of the ways that the ease and simplicity of our current technological devices also lead us at times to surrogate our daily responsibilities onto these devices?
The farmers in country A harvest and sell 150 bushels of wheat at the price of $80 per bushel. Of the total production 30 bushels are exported. If the government bans all exports of wheat, the domestic price of wheat would drop to $60. But the produc..
Why are the Average Cost Curves U-shaped. What is the Law of Diminishing Returns. Discuss a company's two short run options.
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