What price will black garage has offer to attract customer

Reference no: EM133466280

Question:

Suppose in a particular town, a garage with a black mechanic competes against a garage with a white mechanic. Suppose the "white" garage charges $20 for an oil change. What price will the "black" garage has to offer to attract a customer with a discrimination coefficient d=5?

Reference no: EM133466280

Questions Cloud

Four options for dealing with life space violations : Four options for dealing with life space violations: passive, aggressive, passive-aggressive, and assertive.

What is meant by the demographic transition : What are the differences in the demographic transition between the current developed economies and developing countries?

Five organisational requirements : List five organisational requirements that may apply to preparing reports. (ps. question from diploma of community service).

What are things that might shift supply of that product : What are things that might shift supply of that product? How has recent events influenced the supply and demand of that product you have chosen?

What price will black garage has offer to attract customer : A garage with a black mechanic competes against a garage with a white mechanic. Suppose the "white" garage charges $20 for an oil change.

What might the income elasticity of demand for that product : What might be the income elasticity of demand for that product? How price sensitive you think people are when it comes to this product or service.

What would you do if they asked for more pain medication : high pain tolerance due to chronic pain and does not look like they are in pain. What would you do if they asked for more pain medication

Management accounting is only tool : To what extent does the phrase "Management accounting is only a tool" restrict the ultimate purpose and character of management?

What thermoregulation is and why is it important : With this discussion, you will need to explain what thermoregulation is and why is it important

User Account

All Pages