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Consider a monopoly art museum that has two representative consumers with the demands P = 16 - Q (for Consumer A) and P = 10 - Q (for Consumer B). The museum's marginal cost is $2 per visit. If the museum practices third degree (group) price discrimination, what will be the prices charged to each consumer type?
Calculate the elasticities for both consumers in the previous problem at the prices and quantities you already found. What is Consumer A's price elasticity and is he more or less elastic than Consumer B?
How do we enhance individual discretion without compromising a common direction.
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What is ethical behavior and what is not in regards to gathering information on a target without written consent? Is this clearly defined or are there some gray areas? Are there any consequences for unethical behavior?
Question 1: If the cross price elasticity of clinic visits with respect to pharmaceuticals price is -0.18,how much will ambulatory visits change if pharmacy prices rise by 5 percent?are pharmaceuticals substitutes for or complements to clinic visi..
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Good News Letter - your company has just made a new hire. Prepare the person for the next steps in the process. Direct Bad News Letter - you have just had to fire an employee. Prepare the letter so that the employee knows why the firing has occurre..
What are the pros and cons of crowdfunding? Look at it first from the perspective of the entrepreneur who needs the money Look at it also from the side.
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