. The market demand function for birthday cards in Greenwich Village is: P= 100-100. The total cost function for producing birthday cards is: C = 60 +20q. Suppose that a firm can perfectly price discriminate (i.e. conduct first- degree price discrimination). How much will its profits be?
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- Define price discrimination. Give two examples of price discrimination. How does perfect price discrimination affect consumer surplus, producer surplus and total surplus?Q3) How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give anexample.4. The market demand function for birthday cards in Greenwich Village is: P= 100 - 100. The total cost function for producing birthday cards is: C = 60 + 20q. Suppose that a firm can perfectly price discriminate (i.e. conduct first- degree price discrimination). How much will its profits be? F2 # 20 F3 $ IS DOD 000 F4 LRING % F5 E MacBook Air F6 & F7 L *
- A firm practices third-degree price discrimination. With the aid of a graphical illustration, explain the firm’s pricing strategy to maximise profits.The market demand function for birthday cards in Greenwich Village is: P = 100 − 10Q. The total cost function for producing birthday cards is: C= 60 + 20q. Suppose that a firm can perfectly price discriminate (i.e. conduct first-degree price discrimination). How much will its profits be? - How would I start this question?indirect price discrimination. Discuss the grocery store coupon market and explain why the grocery stores can use price discrimination in this situation.
- Suppose that Jawa Timur Park offers a discount on admission to residents of Batu. What kind of price discrimination is this? What does this imply about the elasticity of demand for Jawa Timur Park attractions by Batu?So, why do firms practice third-degree price discrimination? a) firms get pressure to offer lower prices to some consumer types- like children or senior citizens. b) Firms can earn greater profits practicing third-degree price discrimination compared to charging a single price per ticket. I need help figuring out if the answer is a or b.The market demand function for birthday cards in Greenwich Village is: ? = 100 − 10?. The total cost function for producing birthday cards is: ? = 60 + 20?. Suppose that a firm can perfectly price discriminate (i.e. conduct first-degree price discrimination). How much will its profits be?
- Inverse demand for aglets (the plastic wrap on the end of the shoelaces) is given by the expression: P=1-Q/20,000. Further suppose the the marginal cost of producing aglets is constant at $0.01. What are the equilibrium price and quantity in a competitive market? What are the equilibrium price and quantity as well as profit in monopolistic market? What is the deadweight loss?In which cases would an organization benefit from using direct and indirect price discrimination? Does market structure influence the capacity of the firm to use price discrimination?2. A market analysis employed by the "Sad Student Company" reveals that the number of lots of the game named "Handsome Killer: Revenge of the Teacher" ordered by the wholesalers when the game is offered at a price of dollars per lot is given by the formula: p=1500 – 2.5q a) Find the company's total, marginal and average revenues b) Find the price and quantity maximizing the total revenue by first expressing the revenue as a function of price rather than of quantity