Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Presume as a manager of a profitable department store you are confronted with a pricing problem. You have two types of consumers: a high-end type that are willing to pay a price of $20 for a pair of Levis Jeans, and a low-end type consumer that are willing to pay a price of $13 for the same pair of jeans. Your supplier provided you with the jeans at MC of $11 per jeans. Your survey of your customers for jeans tells you that 50 percent of your consumers are of the high end type and 50 percent are of the low end type.
a) If you decided to price high, what would be your expected profits per unit.
b) If you decided to price low, what would be your expected profits per unit.
c) Presume your store attracts 1000 consumers for these jeans: will you price high or low? Describe briefly.
suppose you have announced you will meet the competition in response to entry threats by a potential rival who has done
unemployment is one of the major concerns that people have in todays economy since losing ones job can be one of the
Explain why Monopolistically Competitive firms charge different prices for their products and Oligopolies tend to all charge the same price. Explain why all businesses do not Price Discriminate.
smaller multiplier means that the change in government purchases of goods and services or taxes necessary to close an inflationary or recessionary gap is larger. Explain this apparent inconsistency
Discuss why will voluntary actions, undertaken at individual level, be unlikely to bring about significant decrease in greenhouse gases such as CO(2)?
State Khinchine's weak law of large numbers and provide a proof of this result. Discuss conditions under which a law of large numbers exists for a sample of independent but heterogeneously distributed random variables.
A real tension of interests between content owners and users
how much does the economy have to grow potential output is 3.5 and the unemployment rate is 7.3 in 2014 to bring the
amy has a utility functionuxyz x2lnylnza what kind of preferences does amy have? explain. what does this mean for her
Analyze how inflation could occur in a society that relies exclusively on barter versus money. Speculate what form inflation would take and how you would recognize it. Provide support for your response.
How to calculate first degree price discrimination problems?
Presume that the government decides to guarantee an above-market price for a good by buying up any surplus at that above-market price. Using a conventional supply-demand diagram, illustrate the following gains and losses from such a price support: Th..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd