Explain how you define fairness in context the interaction

Assignment Help Business Economics
Reference no: EM131162964

Post your response to the following questions Can the practice of price discrimination be considered universally fair or universally unfair? Use the provided literature and video materials (or other resources) to defend your position. Explain how you define “fairness” in the context the interaction between consumers and producers on markets. If you believe price discrimination cannot be thought of as being fair or unfair in all circumstances, provide one example in which in your view the practice of price discrimination is fair and one example in which price discrimination is unfair. Should price discrimination be outlawed? Explain.

Reference no: EM131162964

Questions Cloud

Pull promotional strategy and push promotional strategy : Explain the difference between a “pull” promotional strategy and a “push” promotional strategy. Under what conditions should each strategy be used? Give an example of a 'Pull Strategy' that you have experienced.
Instituting massive quantitative easing program : Since 2009, the Federal Reserve has been unable to stimulate the US economy sufficiently enough to generate 3-5% annual growth in GDP,despite keeping shorts-term interest rates near zero and instituting a massive "quantitative easing" program. Why ha..
Consumer consumes only two goods : The utility function U(X1,X2)=X1^a + 2X2^b. Corresponds to preferences for perfect substitutes. All ordinary (non-Giffen) goods are also normal goods. (Hint: Use the Slutsky equation to support your answer) If consumer consumes only two goods, both o..
How the federal reserve conducts monetary policy : Monetarists disapprove of how the Federal Reserve conducts monetary policy. What is it about the Fed's policy process that bothers them? Discuss their criticisms.
Explain how you define fairness in context the interaction : Can the practice of price discrimination be considered universally fair or universally unfair? Use the provided literature and video materials (or other resources) to defend your position. Explain how you define “fairness” in the context the interact..
The strategic planning and budgeting process of most firms : Capital budgeting is an integral part of the strategic planning and budgeting process of most firms. Explain and provide a numerical example of the use of the internal rate-of-return method and the Net Present Value (NPV) method of analyzing capital ..
If marginal product is greater than average product : If marginal product is greater than average product, average product is falling. Marginal cost is less than average variable cost when average variable cost is falling. If the average total cost curve is above the marginal cost curve, then total cost..
Price discrimination assignment : Price Discrimination Assignment A movie theatre has a cost function which entails the rent of the commercial building of $50 per day (fixed cost) and a marginal cost of $5 per viewer. Determine the optimal ticket prices for students and for others. D..
According to kohlberg theory of moral development : According to Kohlberg’s theory of moral development, when do humans begin to think about the feelings of other people and begin to see the world through other people’s eyes?

Reviews

Write a Review

Business Economics Questions & Answers

  Crowding out effect

The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.

  Qsuppose that we modify the solow growth model by allowing

q.suppose that we modify the solow growth model by allowing long-run technological progress. that is suppose that z 1

  What is the size of the labor force-unemployment rate

A very small economy has a population of 1,000 people who work. Of these , 800 have jobs and 100 are looking for work. The rest are willing to work but have given up looking because they haven't been able to find work for a long time. What is the siz..

  Sales representative with coast-to-coast trans

Gina Robertson is a sales representative with Coast-to-Coast Trans, a company that provides full service chartered flights—airplanes, pilots, staff, and services—to client groups. She has just closed a large sale of several flights each week for four..

  What would be the inflation rate next year in this case

This year before a major earthquake adversely affected the production capacity in Nepal, the country's economy was working at its capacity level and inflation and growth rates were following their normal and stable paths at 2% and 4%, respectively. W..

  Explain how changes in price result in upward sloping supply

Explain how changes in prices result in a downwards sloping demand. Explain how changes in prices result in an upward sloping supply. What will happen when consumer demand equals producer supply?

  Discuss how incentives of physician differ in both countries

In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how th..

  What is their maximum joint revenue

Kristen and Anna live in the beach town of Santa Monica. They own a small business in which they make wristbands and pot holders and sell them to people on the beach. As shown in the table, Kristen can make 15 wristbands per hour but only 3 pot holde..

  Decreases holding everything else constant

What happens to the regression F value if R2 decreases holding everything else constant?

  Withdraw any money from account

If you deposit $2000 in a bank and if the annual interest rate is 2% in year 1 and 5% in year 2 and 8% in year 3, how much money will you have in your account at the end of year 3 if you don’t withdraw any money from this account? Explain your answer..

  Economic inequality compares the share

Economic inequality compares the share of the _____ in society that is received by different groups; such as comparing the share of income received by the _____ to the share of income received by the ______.

  Calculate the firm profit

Determine the optimal number of plants that the firm should have to take full advantage of the market demand. Calculate the firm's profit.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd