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1. Contrast direct price discrimination and indirect price discrimination.
2. What is incentive compatibility? Why is it necessary for an indirect price discrimination strategy to be incentive compatible?
3. Provide an example of product versioning.
a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the
Would a burrito restaurant hire an additional worker for $10.00 an hour if that worker could produce an extra 30 burritos an hour and each burrito could add $0.60 in revenues?
gives data on X (net profits after tax in U.S. manufacturing industries [$, in millions]) and Y (cash dividend paid quarterly in manufacturing industries [$, in millions]) for years 1974 to 1986.
A market contains two types of consumers, green and yellow. Each green consumer has a demand of P = 20-Q. Each yellow consumer has a demand of P=16-Q. These are individual demand curves. The monopolist who sells to these individuals has a MC
A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal interest rate What is the effective interest rate
The cost of producing sofas (S), is given by the cost function C(S)=10S^2+1000, and the marginal cost is given by MC=20S. What number of Sofas will minimize the average cost of production
Advertisers are willing to pay $10 to advertise in one newspaper but only $19 to advertise in both, because they're willling to pay twice to reach the same subscriber. what's the likely bargaining negotiation outcome
How is the wording of a disclaimer opinion different from that of an unqualified opinion?
Economics 164 Assignment. Consider the Malthusian model where Yt = Sα (At Lt )1-α , At+1 = (1 + g)At , and Lt+1 = (1+η)Lt . In this case S is the (constant) quantity of land, L is labor, and A is technological progress. Assume that η, g > 0. Derive t..
(c) What is the variable cost of producing 40 units of output (d) How many units of the variable input should be used to maximize profits (e) What are your maximum profits (f) Over what range of variable input usage do increasing marginal returns exi..
PA = 9.6 - 0.08QA PCS = 4 - 0.05QCS where PA is the adult prices, PCS is the child/senior citizen price, QA is the adult quantity and QCS is the child/senior citizen quantity. Crowding is not a problem at the museum, and so managers consider a mar..
What is the work required to compress 1 mol of an ideal gas from 1 to 100 atm at room temperature? Express the work in J, erg, cal, and L atm units. Note that the latter three are not SI units.
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