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Which of these displays price discrimination?
The weekend price of a hotel room is greater than the mid-week price.
Stand-by passengers can fly at lower fares than passengers who buy etickets.
Colleges charge out-of-state students a higher tuition than Californian students.
A jeans store sells a second pair of jeans at 1 divided by 3 off
An insurance company charges a higher insurance rate for a teenaged male than it charges for an adult male.
The price of water is higher for a car wash firm than it is for a farmer.
A tropical resort offers lower prices on holidays in low season
A museum offers discounts to students and senior citizens
Every time we have to make a choice we are faced with an opportunity cost. Using an example in your professional life, identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used ..
Assume your fixed cost is $250/acre, the variable cost per bushel is $1.22, and you produce 65 bushels/acre. If the price you receive per bushel is $3.83, what is your profit per acre? If the price you receive per bushel is $3.83, what is your breake..
Suppose in the first five years of working for ABC Corporation Emily earns $50,000 a year after taxes, but ABC makes no yearly contribution toward a retirement plan for her. However, after five years ABC offers Emily a choice of receiving a $5,000 af..
Have you thought about starting your own business? What opportunities seem attractive? What type of financial resources and personal skills would you need to launch a new business? How would you obtain these financial skills and personal resources?
Assuming that each choice results in the same production costs once installed, under what choice is the firm likely to encounter a greater likelihood that its competitors will also expand their capacities?
Illustrate the purpose of this optional homework is to learn how specialization and trade benefit all trading parties.
Illustrate what would be the best advice to give him knowing which this is his only source of income.
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
Which of the following statements is true about the middle management in the context of levels of management? A(n) _____ manager is responsible for planning, pricing, and promoting products and making them available to customers through distribution...
Explain how has American Express Leveraged its brand into customer segments and created value through different card and program offerings.
A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. The economic advisors to the country estimate the supply and demand curves for cigarettes as: QD = 140,000 25,000P QS = 20,000 + 75,000P, where Q = daily..
Under the Hypothetical Tax Code 1 (where the standard deduction and personal exemption still apply), if you earn $72,750.00 a year in total income, then what percentage of your total income would you pay in taxes? Report your answer as a percentage r..
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