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Question: Explain why airlines price discriminate. Describe the various degrees of price discrimination. For example, why would an airline lower price for special weekend getaways or for senior citizens? Do charging different prices to coach and first class passengers represent price discrimination? Why or why not?
Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then:
Economics is sometimes called "the dismal science." Of the big ideas in this chapter, which sound dismal-like bad news?
a monopolist sells in two geographically divided markets the east and the west. marginal cost is constant at 50 in
Mention two economic choices you had to make with in last week. Alfred Marshall said in 1890s, "economics is the study of man in ordinary business of life." You must examine one or two of these choices in terms of alternatives you gave up.
Analyze the three different money models (the ATM model of demand for cash, the liquidity-preference model, and the dynamic model of money) to determine which model seems most appropriate for explaining the way money works to someone.
You have been employed to manage a small manufacturing facility which has cost and production data given in the table listed below.
Suppose there are two demand curves, one is flat (elastic) and the other steep (inelastic). Which one would be the demand for water, the flatter one or steeper one and why?
in this question you will examine the effect of a sales tax on a monopolists profit maximizing price and rate of
Describe any exceptionally good or exceptionally bad experiences that you have had with company contact personnel in-person, over the phone or over Internet.
Minimum wage is a price floor, so discuss an increase in the minimum wage from a supply and demand standpoint, making sure to address the concept of surplus.
What price will consumers pay after the tax is levied and what proportion of the tax will be paid by the suppliers of Martin guitars?
On January 1, 2002, Germany officially adopted the euro as its currency, and the deutsche mark stopped being legal tender. According to an article in the Wall Street Journal, even 10 years later many Germans continued using the deutsche mark, and ..
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