How is this pricing policy similar to the one described

Assignment Help Microeconomics
Reference no: EM132482423

One of the most popular tourist destinations in the US is Las Vegas. Unlike many other destinations in the US, price discrimination is common in Las Vegas, with many businesses regularly offering discounts to local residents for food and drink, entertainment and even hotel rooms. Why do you suppose these local's discounts are common in Las Vegas but not other US cities? How is this pricing policy similar to the one described for the Buddhist temple in Laos?

Reference no: EM132482423

Questions Cloud

Prepared the general journal entry needed for march : Bravo paid employee wages of $2,500 for the week. Prepared the general journal entry (without explanation) needed for March 31, 20X1.
How were the companies sanctioned : Locate a current news article discussing a company violating provisions for health insurance instituted by Saudi Arabia's Council of Cooperative Health.
Determine the equilibrium price and quantity : Suppose that the demand and supply functions in a given market are expressed by QD = 50 - 8P and QS = 2P, respectively. The production of this good releases
Prepare a partial income statement for diamond : Prepare a partial income statement for Diamond in the Marigold Group. The income statement should begin with income from continuing operations
How is this pricing policy similar to the one described : How is this pricing policy similar to the one described for the Buddhist temple in Laos?
What is the company wacc : Capital structure consists of 45% debt and 55% common equity. What is the company's WACC if all the equity used is from reinvested earnings?
What types of goods would be best to manufacture : What types of goods would be best to manufacture domestically and why?
Establish the conclusion of study based on the p-value : Establish the conclusion of this study based on the p-value and the means provided. Describe the Type I error for this study. Describe the Type II error for.
Demonstrate your application of relevant tools : Identify which modules it is designed to assess. Use the relevant content from the stated modules as the basis of your assignment.

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine breakeven square footage using contract period

Over the last several years the equivalent annual cost at 8% per year has been $28,000. A subcontractor will perform all field painting for an initial fee of $100,000 for a 5-year contract and an add- on rate of $5.00 per 100 sq ft per coat (laye..

  Calculate firms production levels and profits

Calculate firms' production levels and profits. Calculate the Herfindahl index of market concentration when market shares are measured as production shares. The Herfindahl index is a function of c. When is the Herfindahl index increasing in c? Dec..

  Question about pricing and promotion

A television station is planning the sale of promotional DVDs. It can have DVDs manufactured by one of two suppliers. Supplier A will charge the station a set-up fees of $1,200 plus $2 for each DVD.

  You have been hired by the monopoly to examine the

you have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to

  What are the resources of ant island

At the start of the movie, what are the resources of Ant Island? What resource do they lack most of all? What changes in the Ants'' resources do we see through the film? Are the Grasshoppers entrepreneurial talent or are they just annoying?

  The recent merger of us air with american airlines

The recent merger of US Air with American Airlines received both national and local attention.  The U.S. Department of Justice contested the merger on the basis that it would produce harmful monopoly-like behavior in many airline markets.

  How and why goods and resources are scarce

Think about how and why goods and resources are scarce. Goods and resources can be scarce for reasons that are inherent to their nature at all times.

  Which outcome is the nash equilibrium in game

Identify the choice that best completes the statement or answers the question and table shows a game played between two players, A and B. The payoffs in the table are shown as (Payoff to A, Payoff to B).

  What are the short-run and long- run effects of action

A country repeals its minimum-wage law. What are the short-run and long- run effects of this action?

  Personal examples of marginal utility analysis

Personal Examples of Marginal Utility Analysis

  What impact would the change which shifts the economys

what impact would a change that shifts an economys production possibilities curve outward have on the long run

  How do firms benefit from economies of scale

How do firms benefit from economies of scale - What might be some potential disadvantages of being part of a Hilton Hotels and Resorts?

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