Explain how consumer surplus-economic profit-output change

Assignment Help Business Economics

Reference no: EM13987065

1- What is price discrimination and how is it used to increase a monopoly’s profit?

2- Explain how consumer surplus changes when a monopoly price discriminates.

3- Explain how consumer surplus, economic profit, and output change when a monopoly perfectly discriminates.

4- What are some of the ways that real-world airlines price discriminate?

Reference no: EM13987065

Questions Cloud

Problem regarding the firm international competitiveness : What impact does the dollar appreciation have on the firm's international competitiveness? What about a dollar depreciation?

How does a monopoly transfer consumer surplus to itself : Why can a monopoly make a positive economic profit even in the long-run? Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive? How does a monopoly transfe..

What is the resulting sil : A busy street has 100 cars/minute passing a given point during a weekday producing a SIL of 70 dB; if the number is reduced to 25 cars/minute during the weekend, what is the resulting SIL?

Identify disaster crisis or trauma with which you familiar : Identify a disaster, crisis, or trauma with which you are familiar. Think about the ways in which the disaster, crisis, or trauma impacted individuals, families, and/or communities

Explain how consumer surplus-economic profit-output change : What is price discrimination and how is it used to increase a monopoly’s profit? Explain how consumer surplus changes when a monopoly price discriminates. Explain how consumer surplus, economic profit, and output change when a monopoly perfectly disc..

Estimate the decay rate of a liter of water in curies : Suppose the grand unified theory (GUT) was correct and the half-life of a proton was 1.2Af-1035y. Estimate the decay rate of a liter of water in decays per second. Express your answer using two significant figures.

Department of noardstone department store : The shoe department of Noardstone's Department Store has prepared a sales budget for April calling for a sales volume of USD 75,000. The department expects to begin in April with a USD 50,000 inventory and to end the month with an USD 42,500 inven..

Use such applications instead of visiting a doctor or clinic : What other kinds of medical applications might be possible using wireless technologies?

Relationship between marginal cost and marginal revenue : What is the relationship between marginal cost and marginal revenue when a single-price monopoly maximizes profit? How does a single-price monopoly determine the price it will charge its customers? What is the relationship between price, marginal rev..

User Account

All Pages