What is the difference between perfect and third-degree price discrimination?

Q: Assume MPC is 0.9 and autonomous investment increases by $500 billion. What will be the impact on re...

A: Investment determined independently of changes in income is known as Autonomous Investment. Marginal...

Q: Hi a)  I ii & iii were already answered so from a) iv  please thanks

A: Teddy's profit(π) function is: Profit=Total Revenue-Total cost=16q-q2250-500-0.2q=15.8q-500-q2250

Q: Discuss what hyperinflation is. What does hyperinflation do to an economy and society? In other word...

A: Inflation refers to the sustained rise in the general price level. The hyperinflation is the extreme...

Q: Consider a piece of equipment that has the following cost and benefit estimates, and the interest ra...

A: The formula for calculating modified B/C ratio is given below. Modified B/C ratio =(AW of receipts -...

Q: Suppose two firms face market demand of P=150-Q, where Q = q1+ q2. Both firms have the same unit cos...

A: Since you have asked multiple part question we will solve first three parts for you if you want othe...

Q: Following are the supply and demand schedules for the market of Burgers:  Price                    ...

A: a). graph: here, we can see that the eqm. P(price) is 600 and eqm. Q(quantity) is 80. It is found w...

Q: Given below is a numbered list of cost terms. For the given definition statement. '_____ costs can b...

A: The costs and revenue of the firms play an important role in the smooth functioning of the firms. Th...

Q: Find the present worth of $400 in year 1 and amounts increasing by $30 per year through year 5 at an...

A:

Q: s) Using the indifference curves, a budget line and a price change, show how we can derive an indivi...

A: Indifference curve and budget line can be uses to derive the demand curve for a product. A demand cu...

Q: Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is ...

A: Given,   A = ₱ 2,000.00  Rate (r) = 12%  Number of periods (n) = 6  

Q: How does price elasticity of demand impact a firm’s pricing decisions and revenue growth?

A: Elasticity of demand depicts how much consumer responds with the change in price. 

Q: Begin with the money market in equilibrium. What would happen to the money supply function if the Fe...

A: When Fed conducts open-market operations to follow an expansionary monetary-policy, it purchases bon...

Q: In a hypothetical situation, Government of Pakistan wants to put a curb on cigarette smoking through...

A: Given that the price elasticity of demand for cigarettes is 0.5. This means that the percentage chan...

Q: Using the equation of velocity of money, you need to give an example of a "transaction" and calculat...

A: Below is the formula to find the velocity of money:Velocity of Money=P×YMM=Money supplyY=outputP=Pri...

Q: Suppose production and prices of food and clothing (the only two goods produced in this economy) in ...

A: i.) Nominal GDP in 2006 can be calculated as follows: Nominal GDP2006=PF×QF2006+PC×QC2006=15×20+5×15...

Q: Using the data given in Table 1, compute the net exports. Briefly discuss your result and indicate w...

A: Exports are products and services that are manufactured internally and acquired by outsiders. This i...

Q: Do you think sporting arenas should be funded with public money? Yes or No?

A: Many economist have written several research papers on this . There are two sides of the story : Th...

Q: Zulaikha and Ker Xin went to a shop to buy rice. Zulaikha wanted to buy 10kg of rice and Ker Xin wan...

A: Price elasticity of demand: It refers to the change in the quantity demand in relation with the chan...

Q: Which of the following statements is correct? Firms in monopolistic competition and monopoly can ear...

A: Perfect competition refers to the market structure featuring more number of sellers and buyers in th...

Q: A bottle of wine costs $14.00 and yields 5 ‘by the glass’ servings. To have a 25% FC what would I ch...

A: Price can be calculated by using the following formula.

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A: It is given that the government increases government spending by $400 billion and it is also given t...

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A: In an economy, different school of thoughts provides different approaches to tackle economic issues....

Q: how banking contributes to global warming and poor sustainability.

A: With increasing risk of after effects of global warming it is advised for banks to consider their op...

Q: Suppose, iln an Economy there are 500 adult people (15-65 age bracket). Out of them 315 are employed...

A: The term “labour force” is defined as that part of the population which is actively searching for wo...

Q: 1) The following public policies can facilitate economic growth in an economy. For each policy, give...

A: Public policies are the actions or laws made by the government in response to the public of the coun...

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A: U –Hauls rates refers to the rate of moving truck if people want to move from one city to other citi...

Q: Question 4

A: a) Increase in labour productivity will lead to the increment in the level of the products that will...

Q: Apart from Fiscal and Monetary policies. Discuss THREE other public policies that can facilitate eco...

A:

Q: In a country, inflation is going up. What are the implications of this? What measures can be taken t...

A: Inflation is common phenomenon in modern capitalist countries of the world. It is generally associat...

Q: International Finance (chapter 21)  6   6. Economists sometimes say that the current exchange rate s...

A: The dirty float system is the exchange rate system where the exchange rate is majorly determined by ...

Q: A country that ends a 22-year old state monopoly in telecoms. The phone services market in this cou...

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...

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Q: Briefly explain the difference between economies of scale, economies of scope and returns to scale.

A: Answer to the question is as follows :

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Q: Question 2 For each of the following scenarios, state whether the unemployment is frictional, struct...

A: ‘Structural unemployment’ is an involuntary unemployment(u) caused because-of the mismatch between t...

Q: Show graphically, in one graph, what would happen to the equilibrium price and quantity of beef if t...

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: Calculate the quantity of labor employed, the real wage rate, and potential GDP.

A: We will use labor market equilibrium concept to answer this question.

Q: a firm in the airline industry has a marginal cost of $200 and charges a price of $300. What are the...

A: Marginal cost = $200 Price = $300  

Q: A radiology clinic is considering buying a new $700,000 x-ray machine, which will have no salvage va...

A: The cost of buying an X-ray machine is $700,000 and the maintenance cost is $24,000 per year and the...

Q: A monopolistically competitive market is like a monopoly in that both market structures feature easy...

A: a). in a monopoly market setup, new firms cannot enter the market due to the large barriers, but in ...

Q: The following public policies can facilitate economic growth in an economy. For each policy below, p...

A: All three policies are the functions of the government in order the regulate the health of the econo...

Q: Below are three 3 microeconomics statement condition(MESC). Identity the type of economic system. En...

A: 1. The state regulates income inequality in the mixed economic system. Advantages: The government in...

Q: Help me with this economics problem

A: Given, The original income= I1 = $10,000 The new income= I2 = $12,000 Percentage change in the deman...

Q: International Finance (chapter 21)  4 What factors will shift the supply and demand for currency?

A: Demand refers to the quantity of money willing to borrow at the given interest rate. Money is demand...

Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.