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To engage in first-degree price discrimination a firm must
a. be able to set P>MC
b. know each consumer's maximum willingness to pay
c. prevent low-value consumers from reselling to high-value consumers
d. all of the statements associated with this question are correct.
Some estimates for the cement industry suggest the following relationship between capacity and average cost: Capacity (thousands of tons: 250 500 750 1000 1,250 1,500 1,750 2,000 Average Cost: 28.78 25.73 23.63 21.63 21.00 20.75 20.95 21.50. Assume t..
What made up the colonial money supply? Was there a serious shortage of money in the colonies?
Beta Industries manufactures thumb drives that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen thumb drives. The ..
What is the difference between the optimal level of total consumption minus the amount of total consumption generated by the market
GDP matters. Investors and business leaders are always anxious to get the latest numbers. When the Bureau of Economic Analysis releases its first estimate of each quarter's GDP, normally on the 27th or 28th day of the month after the quarter ends, it..
Intra-industry trade may be associated with a smoother adjustment process than inter-industry trade because
A hotel owner, having heard that new hotels plan to open in his area, saysl "We have too many hotels in this town already. Statistics show that vacancy rates average 20 percent on any given night." Assuming this is correct, evaluate his negative a..
q.what are the informing factors of global interdependence including the economic factors political dynamics and
which cumulative expenditures are increased. Raising taxes also government expenditure by the same amount such which cumulative provide is decreased also cumulative demand is increased.
Suppose 80% of US trade is with Canada and the rest is with Mexico. If the dollar appreciates by 10% against the Canadian dollar and appreciates by 20% against the Mexican peso, what is the percentage change in the effective exchange rate of the Unit..
q.assume which the economy is in a long-run equilibrium.a- draw a diagram to illustrate the state of the economy .be
Opportunities being taken or missed out can be the be-all and the end-all for a company. How does market research help in opportunity recognition? Feel free to use examples in support of your answer.
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