Define Price discrimination
Price discrimination: The Price discrimination is a situation whenever a monopolist charges distinct price from various buyers of the similar product. This is usually done to maximize profits.
When the interest rate is 5%, in that case the present value of a perpetuity which pays $500 each year beginning a year by today equals: (1) $500. (2) $1000. (3) $2500. (4) $5000. (5) 10,000. Can s
Why the indifference curve is convex to origin?
Difference between collusive and non-collusive oligopoly. Elucidate how oligopoly firms are interdependent in taking price and output decisions.
According to law of diminishing marginal utility, the consumer inevitably arrives a point where: (i) Net satisfaction derived from good declines. (ii) Consumer suffers from total satiation from some good. (iii) Extra satisfaction outcome by extra unit
If this is possible, firms along with market power engage in price discrimination to: (i) defy civil rights legislation. (ii) help consumers. (iii) help the community. (iv) increase their profits. (v) reduce production costs.
I have a problem in economics on short run demand. Please help me in the following question. In short run, the demand mainly depends most on: (1) Supply. (2) Costs of production. (3) Consumer tastes and preferences. (4) Technology. (5) Resource access
In short run, the supply of Pinot Noir from the viewpoints of oenophiles who fancy it would be influenced least by: (i) The offspring of late baby boomers arriving the legal age to buy alcohol. (ii) Imposition of a maximum tax for each and every bottle of wine generat
The demand for gasoline would rise rapidly after a fifty percent: (i) Drop in the price of crude oil. (ii) Discovery of main latest oil supplies. (iii) Cut in public transportation fares. (iv) Cut in latest car prices. Q : Lacking of competition in the product Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (1) Less labor being appointed than if the markets were competitive. (2) More labor being hired than if the markets were competitive.
Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (1) Less labor being appointed than if the markets were competitive. (2) More labor being hired than if the markets were competitive.
Can someone please help me in finding out the accurate answer from the following question. The labor unions have tended to be most successful in the organizing: (1) Blue collar workers. (2) Clerical workers. (3) Professionals. (4) White collar workers.
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