Illustrates marginal cost pricing and differential pricing
Illustrates the marginal cost pricing and differential pricing?
Expert
Marginal cost pricing:
In the marginal cost pricing, the price is found on the basis of marginal cost or variable cost. Under this method, all fixed costs are fully excluded.Differential pricing:
In this method, the same product is sold at various prices to different customers, in various places, and at various periods. This method is termed as price discrimination or discriminatory pricing. Illustrations are as: Cinema Theater and telephone bills.
Who is the father of economics and what is wealth definition of economics?
Defined the simple way for production function?
If workers accept lower wages in exchange for employer assurances of enhanced job security, employment agreements are illustrations of: (i) credentialism. (ii) comparable worth. (iii) specific training. (iv) an implicit labor contract. (v) human capital.
I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The eventual owners of all resources and products in the society are as follows: (i) households. (ii) Firms. (iii) The tax-paying public. (iv
What are the different types of determinants of advertisement elasticity?
Define the term unitary elastic.
As a firm is a pure competitor in both the labor market and during the sale of its product, this will hire labor where: (w) profit is maximized. (x) marginal revenue product = marginal resource cost. (y) wage = value of the marginal product. (z) All o
What are the certain assumptions in production functions?
Describe the Long term Demand Forecasting.
Define the consumer psychology and pricing and affecting elements.
18,76,764
1951431 Asked
3,689
Active Tutors
1427192
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!