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1. Fresh from a successful marketing and financing campaign, you suggest that your client think about charging different prices to different customers. Why might your client wish to do that? Explain in detail.
2. You are on the road and stop at a restaurant where you have never eaten before and will never eat again. The waiter also knows that you are a complete stranger and will never see you again after this meal. Both of you only care about yourselves and not the other. You and the waiter both know that you will not tip him if the service is bad.
The waiter has the first move; should he provide you with good service or not. You have the second move; if the waiter provides you with good service, will you tip him or not. The payoffs at the end of this "Timing Game" are: 20 each for you and the waiter if the service is good and you tip. 30 for you and -5 for the waiter if the service is good but you don't tip. And 10 for the waiter and only 5 for you if the service is bad.
(a) Explain why the waiter will provide bad service.
(b) Since you are interested in good service, can you convince the waiter, in a binding/credible manner that you will tip him?
(c) If you both live in a "moral" society where everyone is ethical, how does that make your decision easier?
The question is that if two firms in the Cornout market merge into one firm, what would the merger result in? how much of marginal cost would prevail in the market, etc are answered in a detailed in manner in the solution.
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
In 1993 Mattel proposed merging Fisher value for $1.2 billion. In toy industry Mattel is a major player with 11% of the market. Fisher-Price has 4%.
Create and explain a production possibilities frontier for an economy that produces milk and cookies. Determine what happens to this frontier if disease kills half of the economy's cow population?
Many airline routes worldwide are served by only one airline (a monopoly). Within the U.S., these are often from a small or mid-sized city to a major carrier hub and frequently operated by a regional carrier under contract to the larger airline.
Discuss in general the appropriate metrics that one may require to track. Also explain how investing in IT with an eyes towards the replacement or automation of another project or issue or task may work.
You're the GM of firm that manufactures PC's. Demand for them has dropped 50%, thanks to soft economy. The sales manager has identified only one potential client, who has received many quotes for 10000 new PC's.
The hair stylist, LTD., is popular-priced hairstyling salon in College Park, Maryland. Given large number of competitors, the fact that stylist routinely tailor services to meet customer needs, and the lack of entry barriers, it is reasonable to s..
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908 and how does the taxation change if the income was $220,874?
Draw a graph of the market for banana. What are the equilibrium price and quantity and calculate Rie's income elasticity of demand for beef. Show your calculation.
Am I right in saying an isoquant for an output produced using 2 inputs that can be perfectly substituted for each other can be represented by a straight line
How does the charging the monoply a specific tax per unit affect the monopoly optmum
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