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What are the internal and external factors that you must consider while setting up a price? Discuss. When you evaluate the three major pricing strategies (namely, value-based pricing, cost-based pricing, and competition-based pricing) you will see that each has strengths and weaknesses. However, according to your assessment, which one do you think is the strongest? Discuss and explain why.
Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
Are there any good reasons to have 12 Federal Reserve banks scattered around the country rather than having everything run by the Board of Governors in Washington, D.C.? What are the costs and benefits? Suppose that you thought that someday you would..
Some authorities say that shortcuts in text messaging will lead to users' inability to spell properly in more formal context. Discuss.
Elizabeth just cannot live the pirate life and keep that drop-dead gorgeous complexion witheut regular spa visits. She can go to the Montego Bay Retreat for a mud facial that lasts seven weeks, costing $91, or visit the crater of Mount Pelee for a la..
If their interest rate is 1% per month, what is the equivalent monthly cost for a 3-year lease? What is a comparable monthly lease cost?
Evaluate the distribution of income in the United States and issues relative to inequality. Describe and explain a monopolist’s output decision.
Price outcomes of the 5 oligopoly models differ substantially. Which models produces the lowest and highest total profits (all firms combined)? What are the predicted prices? Provide aviation industry examples of routes or markets that might approxim..
Why is a point below the production possibilities curve less efficient than a point on that curve?
Summarize it using your own words (Two typed paragraphs; each paragraph must have three sentences. No Plagiarism!). 2. In which year and quarter (Year-Quarter) did two regional markets (Metropolitan Statistical Areas) experience the same competitors’..
Currently, there is a $0.50 copayment on drugs. The HMO has decided to raise this to $1.00 per prescription. The cost of a prescription is $6.00, which mean the HMO's contribution to the total cost will fall from $5.50 to $5.00. How much will be dema..
When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as: nominal wages fall and the short-run aggregate supply curve shifts ..
Let O = {x ∈ Z | x is odd} be the set of odd integers and E = {x ∈ Z | x is even} be the set of even integers. (a) Explain whether {O, E} is a partition of Z. (b) Explain whether {O × O, E × E} is a partition of Z × Z. If the answer is no for eith..
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