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For each of the following schemes, explain the pricing strategy. Is price discrimination involved? If so, how? What does the firm hope to achieve and how does the strategy help achieve it?
-Many magazines offer multi-year subscriptions at a lower rate than one-year subscriptions.
-Some firms offer coupons which give a discount on price.
-Some firms offer loyalty programs (e.g. frequent flyer plans, reward points, etc.).
Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced budget
Bill gets utility from consuming food (F) and clothing (C) represented by the following utility function: U(F,C) = FC + F. The price of food is $1 per unit and the price of clothing is $2 per unit. Bill’s income is $22. Graph Bill’s budget constraint..
Which of the following would be classified as a short-run decision?
According to Jared Diamond, what are the “roots of inequality” in the division of the world into ‘haves’ and ‘have-nots? What role has “the roots of inequality” played in the division of the world into ‘haves’ and ‘have-nots’ within today’s globaliza..
If the wage rate is $15 per unit and the rental rate on capital is $25 per unit, what are the firm's costs for each of five input combinations?
Where did the women's suffrage movement begin? What were conditions like for women during this time (what rights were denied them)?
what would be marginal revenue with respect to X? What is the answer for this problem?
Discuss at least three markets where you think time varying prices mainly help to take advantage of differences in willingness to pay between groups of people
What is Public Health Theory and how does healthcare administrators utilize this theory?
Identify a recent merger/acquisition that does not include Amazon and use it to and explain: was the merger/acquisition predominately
Given a company orders a product and expects the defective fraction, E(p), to be 5%. Demand is 15,000 units annually and they screen at a rate of 60,000 units annually (think of this as the QC check which is done much quicker than demand arrives). Ca..
Let the two firms be located at 0 and 1 on the unit interval. There are n consumers located uniformly along the interval, each with a reservation value of V . They incur transportation costs of t per unit of distance traveled from their location to t..
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