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Price discrimination allows firms to make more money by partitioning their customers into at least two distinct groups, those that:
a. the firm wants to retain as customers and those that will decide to buy elsewhere.
b. have a similar elasticity of demand and those who are unaware of their demand elasticity.
c. will get a discount and those that are willing to pay more.
d. differ from their usual customer type and those with characteristics common to their customer base.
e. are willing to pay more and those that are easily misled by discounts.
Again, thinking in terms of marginal propensity to consume, under what circumstances would your tax proposal increase total consumption spending? What other policies could be enacted to increase total consumption spending?
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
According to the augmented expectations hypothesis, if the yield on both one year bonds and two year bonds are the same, would you expect the one year yield in one year’s time to be higher, lower, or the same? Explain your answer.
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by drop..
how much would the original $20,000be worth in three years? What is the present value of the $25,000? Which option should Howard choose?
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
Explain terrorist attacks foster instability and may affect productivity over the short and long term.
Show graphically and explain how a change in the monetary policy regime will affect short-run prices and output in the economy. (3 graphs to complete this problem) (Answers without graphs are useless)
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
The Economic Policy Institute periodically issues reports on wages of entry-level workers. The institute reported that entry-level wages for male college graduates were $21.68 per hour and for female college graduates were $18.80 per hour in 2011.
You do not incur any cost to produce goods you sell and thus your profit equals selling price if you make a sell. Or three sellers do not have any costs either.
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