User Account

All Pages

Explain how and why firms practice 3rd degree price

Assignment Help Microeconomics
Reference no: EM13315983

Third Degree Price Discrimination Sample Homework

Question: Explain how and why firms practice 3rd degree price discrimination. Use the handout to illustrate your answer (coupons; airlines, mobile phones).

Reference no: EM13315983

Questions Cloud

Write a program using the class as defined : Write a program using` the class as defined below. Put the class definition in a separate header file, and put all the functions' code in a separate Resource file.
Explain a/some pattern/s of behaviour that you have observed : Select ONE of these lessons (principles), (the standard of living depends on a country's production)and explain a/some pattern/s of behaviour that you have observed in the media (newspapers, television, radio, Business Review Weekly, The Economist, e..
Find the mass of the stick using method of torques : We used a 100g mass hung from the 10 cm mark on a meter stick. find the mass of the stick using method of torques
How many weeks must pass before likelihood of lake water : A lake has a water level which is used to determine if watering restrictions need to be implemented for the neighboring city. Water levels are measured on a weekly basis, and restrictions are placed if the lake level drops below 1060 ft.
Explain how and why firms practice 3rd degree price : Explain how and why firms practice 3rd degree price discrimination. Use the handout to illustrate your answer (coupons; airlines, mobile phones).
Find probability that the percent absorbed is more than 10 : When a pesticide comes into contact with skin, a certain percentage of it is absorbed. The percentage of the pesticide that will be absorbed during a given tie period can be modeled with a lognormal distribution.
Briefly explain the microsoft case, focusing on precisely : Briefly explain the Microsoft case, focusing on precisely how Microsoft was alleged to have violated the Sherman Act? What was the outcome of the case and why was that decision made?
Determine the force p required to pull the shaft at velocity : A 25-mm diamenter shaft is pulled through a cylindrical bearing. The lubricant that fills the 0.3-mm gap between the shaft and bearing is an oil having a kinematic velocity of 8.0x10^-4 m^2/s and a specific gravity of 0.91.
What is second degree price discrimination : Graph the typical consumer’s demand curve. Use your graph to figure out what price Philadelphia Electric should charge for the first 400 Kilowatts used. What should it charge for the next 400 Kilowatts? the next 400?

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe the various terms in the ad curve

This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:

  What is the short-run profit-maximizing policy

What is the short-run profit-maximizing policy of a monopolistically competitive firm and how is the long-run equilibrium of monopolistic competition like that of perfect competition? also give example.

  What is the firms optimal markup

the fully allocated cost of a product is $10. If the price elasticity of demand for the product is -2, then the firms optimal markup is: 10%, 100%, 200%or 300%.

  Determine the reliability of the tires

Explain which bridges you would choose to attempt to use. (Assume you can put one foot on a bridge to see if it collapses before you attempt to cross.)

  Calculation of cross-price elasticity of demand

Sandra purchases 5 pounds of coffee and 10 gallons of milk per month when the price of coffee is $10 per pound. She purchases 6 pounds of coffee and 12 gallons of milk per month when the price of coffee is $8 per pound.

  Draw the budget constraint

A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.

  Are commodities x and z substitutes or compliments

The estimated market demand of a commodity X is given as Q=70-3.5P-0.6M+4Pz, where Q=Estimated units of X demanded, P=Price of the goods, M= Money income and Pz= Price of related goods.

  Define scarcity and opportunity cost

Define scarcity and opportunity cost. What role these two concepts play in the making of business decisions? What is  Marginal Analysis ? (b) Why Is  Marginal Analysis  Important in Economics? (c) What is the role of  Marginal analysis ?

  Which led the retailers to lower prices

During the recession in the early 1990s, retailers observed that consumers were spending a lot more time searching for good bargains than ever before, which led the retailers to lower prices.

  Explain less inflation and less unemployment

A. Deficits and surpluses could be used to avoid fluctuations in the tax rate. B. Reducing the budget deficit rather than funding more education spending could, all things considered, make future generations worse off. C. A potential cost of defic..

  Keynes and friedman approach the economy

Differentiate  the way Keynes and Friedman approach the economy. Determine the key differences and similarities?

  Determining equilibrium prices and quantity

Lawn mowing services are supplied by host of individuals in suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:

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