What form of price discrimination might this represent

Assignment Help Microeconomics
Reference no: EM133261150

Question: STIHL, Inc., manufactures gasoline-powered chain saws for professional, commercial, farm, and consumer markets. To "better serve" their customers, STIHL offers its chain saws in four different quality lines and associated price ranges: occasional use, midrange, professional, and arborist. Under what circumstances could offering multiple qualities of a product be price discrimination? What form of price discrimination might this represent -first-, second-, or third-degree price discrimination? Explain why this practice could increase profit at STIHL.

Reference no: EM133261150

Questions Cloud

Describe the on-demand clothing manufacturing model : BUS 425 Lynn University What are the primary problems with the traditional clothing manufacturing model that the on-demand model is designed to address
What beta-carotene and retinyl palmitate : What beta-carotene and retinyl palmitate, and how does the body digest it?
Which is a smart business decision : Dave decides to put more money into the advertisement of handsomia, which is a smart business decision. Why is it so smart
How the function of polysaccharides is facilitated : With reference to starch and cellulose describe how the function of polysaccharides is facilitated by their structure.
What form of price discrimination might this represent : ECONOMICS 360 The University of Newcastle What form of price discrimination might this represent -first-, second-, or third-degree price discrimination? Explain
What are the drawbacks to build-to-order : What advantages does build-to-order provide for Ford and What are the drawbacks to build-to-order
Should we focus on reducing the supply : ECON 610 New Jersey Institute Of Technology To reduce the total revenue of drug dealers, should we focus on reducing the supply (curve) of illegal drugs
Compare comets-asteroids and meteoroids : How do comets, asteroids, and meteorites influence life on Earth? Compare and contrast comets, asteroids, and meteoroids.
Review-southwest airlines employees affective-continuance : Which scenes of the 1st video Herb Kelleher illustrate Southwest Airlines employees' affective, continuance.

Reviews

Write a Review

Microeconomics Questions & Answers

  Michael porter framework for competitor analysis

What is the value of using Michael Porter's Framework for Competitor Analysis to observe competitor's and trying to predict what moves they will make next?

  Articulating surfaces of bones

1. What are the four anatomic terms used for articulating surfaces of bones?

  Evaluate the organization and its strategy

Evaluate the organization and it's strategy and consistently adapt the business model to ensure that the overall business plan is one step ahead of the competition.

  Discuss what the shortcomings of gdp as a measure

Discuss what GDP is and what it measures? Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?

  Please review the discussion board grading rubric

Please review the Discussion Board grading rubric on your Syllabus to understand how your posts will be evaluated. Your posts should be qualitative and provide substantive depth that advances the Discussion. You may view the Student Guide to Online C..

  What implications of these shifts for international business

Describe the shifts in the world economy over the past 20 years. What are the implications of these shifts for international business based in the Caribbean? Describe the shifts in the world economy over the past 20 years. What are the implication..

  Consider the product market for winter wheat

Consider the product market for "Winter Wheat". If the Government has established a price floor and intends to purchase all surplus wheat draw the likely demand and supply curves and identify the quantity demanded and equilibrium price.

  Means that on average real gdp per capita

A country aims to double real GDP per capita in the next 11 years. This means that on average real GDP per capita must grow at what rate per year?

  Describe the strengths and weaknesses of the document

A balance sheet is often used by analysts to examine a company from a financial point of view. Describe the strengths and weaknesses of the document.

  Effective tax rate

Granny’s Butter and Egg Business is such that she pays an effective tax rate of 40%. Granny is considering the purchase of a new Turbo Churn for $25,000. This churn is special handing device for food manufacture and has an estimated life of 4 years a..

  What is poverty

What is poverty? How does the United States define who is poor? What is the current poverty rate? What are cash transfer programs and in-kind transfers?

  What economic principle justifies the high salaries

What economic principle justifies the high salaries of some professional athletes? Suppose the manager of a baseball team wants to hire a new pitcher for $4 million per year. Under what circumstances would it make sense for the team to do so

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