How does a car salesperson practice price discrimination

Assignment Help Microeconomics
Reference no: EM13902620

1. How does a car salesperson practice price discrimina- tion? How does the ability to discriminate correctly affect his or her earnings?

2. Electric utilities often practice second-degree price dis- crimination. Why might this improve consumer wel- fare?

Reference no: EM13902620

Questions Cloud

Describe a typical day in your life : Imagine you are a Chinese farmer living in 2006. Start off by describing yourself and the state of your family. Explain in which region of China you reside and how far it is from the nearest major city. Describe a typical day in your life. To crea..
Give some examples of third-degree price discrimination : Give some examples of third-degree price discrimination. Can third-degree price discrimination be effective if the different groups of consumers have different levels of demand but the same price elasticities?
Discuss the themes of environmental science : Discuss the themes of Environmental Science in Today's World. Describe the demographic transitions that are influencing family size.
Apex determines that the machine has three more years : Apex Fitness Club uses straight  line depreciation for a machine costing $ 23,860, with an estimated four year life and a $ 2,400 salvage value.
How does a car salesperson practice price discrimination : How does a car salesperson practice price discrimination? How does the ability to discriminate correctly affect his or her earnings?
Establish a marine reserve around portions : Scientists are urging you to help establish a marine reserve around portions of the reef, but most commercial and recreational fishers are opposed to this idea.
Environment in trouble from human pollution : Is the environment in trouble from human pollution, or do you believe this is "hype" from the press and scientist? Explain.
What can i say to illustrate the intrinsic value of human : What can I say to illustrate the intrinsic value of human capital
Environment and environmental health : Over the past fifty years the city of Corpus Christi, TX has increased in population from 50,000 to 350,000. Do you think this increase in population has affected the 'environment' and 'environmental health' in the city? Specifically explain

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

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..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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