10. Does the presence of online auction sites, such as eBay, make it easier or harder for traditional retailers and wholesalers to engage in profitable price discrimination? Explain.

Explain the concept of black marketing as a direct consequence of price ceiling in economics?

1.     Calculate the profit-maximizing quantity and price for the non-student market. (attached Figure A: Non-Students)     2.     Calculate the profit-maximizing quantity and price for the student market. (attached Figure B: Students)     3.  Calculate the profit if the firm charges both the non-students and students the same price of $20. (attached Figure A: Non-Students and Figure B: Students)     4. Calculate the profit if the monopoly firm perfectly price discriminates. (attached Figure A: Non-Students and Figure B: Students)

Hello, I need some clarity on this queston. If you can explain briefly how you got your answers that will be very helpful.

Explain how the mechanism for the application of three types of price discrimination that can be effective from a firm's point of view in order to maximize its profit. You are required to provide examples to show how this can be done.

The Taco Bus Low Price High Price The Fajita Wagon Low Price Taco Bus: $1,000 Taco Bus: $500 Fajita Wagon: $1,000 Fajita Wagon: $6,000 High Price Taco Bus: $6,000 Taco Bus: $4,000 Fajita Wagon: $500 Fajita Wagon: $4,000 Refer to the table above, which describes the payoffs to different pricing strategies for a duopoly. What set of strategies would be the Nash equilibrium for this game? The Fajita Wagon adopts a high price, and the Taco Bus adopts a high price. The Fajita Wagon earns $1,000 profit, and the Taco Bus earns $1,000 profit. The Fajita Wagon earns $4,000 profit, and the Taco Bus earns $4,000 profit. The Fajita Wagon adopts a low price, and the Taco Bus adopts a low price. There is no Nash equilibrium in this game.

6. Examples of price discrimination Complete the following table by indicating whether or not each scenario is an example of price discrimination. Hint: To determine whether a scenario is an example of price discrimination, think about whether the market can be segmented into two groups that pay different prices for the same good. Price Discrimination No Scenario Yes Last-minute "rush" tickets can be purchased for most Broadway theater shows at a discounted price. They are typically distributed via lottery or on a first-come, first-served basis a few hours before the show. Assume that the theater in question does not hold seats in reserve for this purpose, but rather offers rush tickets only for seats not sold before the day of the performance. A local boutique is having a sale on sweaters, but customers are not aware of the sale until they are already in the store. In other words, there is no advertising of the sale other than signs in the back of the store that cannot be seen from…

Please read the following article from The Atlantic on the proliferation of price discrimination for online shopping https://goo.gl/EGFynW  A.) The article notes that we are moving toward a situation in which perfect price discrimination is no longer “only a classroom thought experiment.” Suppose perfect price discrimination were to become a reality. What would this imply as far as consumer surplus, producer surplus, and market surplus in the market for online retail?  B.) The article references a study showing that by using big data online firms are able to boost profits. When firms engage in price discrimination and experience an increase in profits, does this imply that consumers are made worse off as a result? Explain.  C.) Do you agree with the author’s belief that the proliferation of price discrimination “makes suckers of us all”? Explain. D.) Do you consider the increased price discrimination in recent years as a net positive or a net negative to society? Explain

The following graph shows the daily demand curve for bippitybops in Chicago. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. Total Revenue 0 8 16 24 32 40 48 56 64 72 80 200 180 160 140 120 100 80 60 40 20 0 PRICE (Dollars per bippitybop) QUANTITY (Bippitybops per day) Demand A B Area: 1280 Calculate the daily total revenue when the market price is $180, $160, $140, $120, $100, $80, $60, and $40 per bippitybop. Then, use the green point (triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph. Total Revenue 0 8 16 24 32 40 48 56 64 72 80 3840 3520 3200 2880 2560 2240 1920 1600 1280 960 640 320 0 TOTAL REVENUE (Dollars) QUANTITY (Bippitybops per day) According to the midpoints formula, the price elasticity of demand between points A and B on the initial graph is approximately . Suppose the…

33.   Rodrigo gets a $1.00 discount by buying Cheerios on the end of the aisle that have a store coupon. Olivia buys the same sized Cheerios at the regular price in the cereal section. Is this price discrimination? True False