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Michael the Magnificent is a mind-reader renowned for his abilities.
He reads the minds of prospective customers and charges them their exact willingness to pay for each individual item they buy. He does not offer discounts for buying more than one item.
Which of the following statements is true?
a, Michael is second degree price discriminating.
b, Michael does not have pricing power.
c, Michael does not have the ability to classify customers.
d, Michael is first degree price discriminating.
e, Michael is not increasing his producer surplus by price discriminating.
While DNA sequences are the preferred data type for building trees of bacteria and archaea, there are some potential challenges.
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Suppose that insurance companies are compelled to offer complete coverage: a(L) = L. What will be the results in terms of the insurance policy that is offered and the level of care the warehouse owner will take?
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Singapore has been active in forming free trade area with many economies over the years. It has established free trade area with the other ASEAN members, USA, China, Japan, South Korea, Australia and New Zealand, among others.
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This is a very random question in my opinion. In many amusement parks, you pay an admission fee to the park but you do not need to pay for individual rides. How do people choose which rides to go on
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