You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. group 1’s elasticity of demand is –3, while group 2’s is –5. your marginal cost of producing the product is $40. instructions: enter your responses rounded to two decimal places. a. determine your optimal markups and prices under third-degree price discrimination. markup for group 1: price for group 1: $ markup for group 2: price for group 2: $ b. which of the following are necessary conditions for third-degree price discrimination to enhance profits. instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click twice to empty the box. • we are able to prevent resale between the groups. unchecked • at least one group has elasticity of demand less than one in absolute value. unchecked • there are two different groups with different (and identifiable) elasticities of demand. unchecked • at least one group has elasticity of demand greater than 1 in absolute value.
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Business, 22.06.2019 08:00
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Business, 22.06.2019 16:10
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
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Business, 22.06.2019 19:20
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
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Business, 22.06.2019 20:40
Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance
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You are the manager of a monopoly that sells a product to two groups of consumers in different parts...
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