Explain why 2nd-degree price discrimination is called

Assignment Help Business Economics
Reference no: EM133428514

Question: Explain why 2nd-degree price discrimination is called 'self-selection mechanism'. You should show the process by drawing two different downward-sloping demand curves. You don't need to explain 'sacrificing steategy'.

 

 

Reference no: EM133428514

Questions Cloud

Describe the sherman antitrust law : Briefly describe the Sherman Antitrust law. How did Major League Baseball get exempt from this law?
Write a statement that assigns 145 to the first column : Write a statement that assigns 145 to the first column of the first row of this array. b. Write a statement that assigns 18 to the last column of the last row
How would be able to monitor the success of the strategies : Discuss potential supports and resources your client may need. Discuss how you would be able to monitor the success of the strategies/programs.
Explain how venture capital minimize their level of risk : Since venture capital only invest in startup business, very high-risk investments,explain how venture capital minimize their level of risk
Explain why 2nd-degree price discrimination is called : Explain why 2nd-degree price discrimination is called 'self-selection mechanism'. You should show the process by drawing two different downward-sloping demand
List an example of a pharmaceutical company that has a low : List an example of a pharmaceutical company that has a Low Cost Strayegy, a Differentiation strategy, and a Focus Strategy.
Do you think that saturday night live and other parody : Do you think that Saturday Night Live and other parody or satire shows can have a meaningful impact on the public's perception of politics?
How do mri images of brains of neglected-abused children : MRIs on CN & CPA: How do the MRI images of brains of neglected/abused children on Bb help you understand the fact that early child physical abuse.
Discuss the roles of employer associations in employment : discuss the roles of employer associations in employment relations in any Pacific Island country. Give examples to support your answer.

Reviews

Write a Review

Business Economics Questions & Answers

  Night-club owner has both student and adult consumers

A night-club owner has both student and adult consumers. The demand for drinks by a typical student is QS=24-4P. The demand for drinks by a typical adult is QA=8-P. There are equal numbers of students and adults. The marginal cost of each drink is $2..

  Consider the market for vegetable fiber

Consider the market for vegetable fiber. World price is $9.00 per pound. Unlimited quantities are available for import in the US at that price. The US domestic supply is: If there are no tariffs, quotas or other trade restrictions in the US what will..

  Budget constraint and indicate where knew budget constraint

Patrick chooses to use his time ‘free-time’: (a) working out or (b) reading. Patrick currently has 20 hours a week to allocate to these two activities. It takes Patrick 1.5 hour to work out and .5 hours to read. Patrick enjoys both activities, but he..

  What did you notice about the effects of inflation on this

What item did you choose and what price did you use? What year in the past did you use? Report the price of the item in the past. Also report the average

  Maximizing expected value

Describe a situation where maximizing "expected utility" and maximizing "expected value" are equivalent.

  Large tract of land for a new facility

Its loan is for $3 million, and it will be paid off in 15 equal annual payments. If the interest rate is 10%, how much is each payment?

  Production function display constant returns to scale

The Cobb-Douglas production function is given by: Y = AK^(α)L^(1−α) where 0

  Pair-wise hypothesis tests

Suppose that we are testing whether five population means are equal to each other. We would normally use ANOVA for that, but suppose that we carry out separate hypothesis tests in which we compare the five means to each other, two at a time. Using a ..

  Pricing strategy and prevent price arbitrage

In your answer, compare and contrast the ability of each firm to manage their pricing strategy and prevent price arbitrage.

  Employed as economic consultant to the regional planning

You are employed as an economic consultant to the regional planning office of a large metropolitan area, and your task is to estimate the demand for hospital services in the area. Use this information to project the impact of the following changes on..

  Attitude regarding intimate relations with others

How has what happened in your life affected who you are today?

  Prices in an economy are indexed to increase

Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax.

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