Marginal cost

price discrimination is selling the same product to different consumers at different prices, for reasons other than cost. For every goods and services, some consumers are willing to pay more than others, therefore firms that use price discrimination strategy charge different prices in different markets where there are different PED’s. If the product is slightly different it may be product, not price discrimination. The aim of price discrimination is to convert consumer surplus into producer surplus

Find an equation of the tangent to the curve y(x) = x2 - 3x + 2 at the point (1, 2). Question 1 options: | 1)  | x + y = 3 | | | 2)  | 2x - y = 3 | | | 3)  | y = 2 | | | 4)  | x - y = 3 | | Save Question 2 (1 point)   Find an equation of the tangent to the curve f(x) = 2x2 - 2x + 1 that has slope 2. Question 2 options: | 1)  | y = 2x | | | 2)  | y = 2x + 1 | | | 3)  | y = 2x + 2 | | | 4)  | y = 2x - 1 | | Save Question 3 (1 point)  

and demand. For tickets to sporting events, there are a set number of tickets which means the quantity is limited and set long before the season starts. The supply curve is perfectly inelastic at the stadium’s capacity. This means that the marginal cost is close to zero until the stadium’s capacity is reached. Depending on where this quantity lies relative to the demand curve determines whether the team will decide to sell out or have empty seats. If the team maximizes profits by not selling

accounting is that it provides a firm with the most skilled employee as "Management Accountant". There are a number of employees that works as an accounted in a firm but these typically called management accountants are very rare to find and they operates cost, financial, tax accountants, or internal auditors. • Governmental Accounting: It can be stated as public accounting or federal accounting.it refers to that particular type of accounting system that is used in the public sector. • Tax Accounting: This

Overview: While the subscription food delivery industry is still new and Blue Apron continues to be at the forefront of this new service, competitors are catching up by offering services to differentiate themselves. My innovative team at THB Consulting is focusing on the subscription model to better serve customers and increase profit. Currently, the main problem with the subscription model is its lack of choice for customers. Plated, HelloFresh, and Chefday, the three direct competitors, offer their

Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination Price discrimination is where a firm changes different consumers different prices for the same service. Consumer Surplus is the difference between what the consumer is willing to pay and the price they actually have to pay. In all three degrees of price discrimination firms are able to make more profit and eliminate any excess capacity they

Pricing To determine the optimal prices for the UriCap products, the team used competitive pricing, both indirect and direct, custom willingness –to-pay, cost plus pricing based on distribution channel partner needs, and economic value analysis. Direct competitor pricing, which was only applicable to the UriCap-M product, was determine through secondary research. On the other hand, primary research was used to determine indirect competitor, or substitute, pricing. A combination of primary research

Isabella Mercado Watters Econ 1 Career Assignment What career did you decide to research? Why did you pick this career? The career I have chosen to research was a career that I was thought was glamorous and unique to the working industry, a Fashion Designer. Fashion designers create original clothing, accessories, and footwear(U.S Department of Labor). They sketch designs, select fabrics, and patterns, and give instructions on how to make the products they designed (U.S Department of Labor). I had

and increase the firm’s competitive advantage in those markets. For example, the first priority of a firm that competes by achieving the lowest production cost in an industry might be to determine whether it should make additional investments in manufacturing facilities to achieve even greater production efficiencies. Of course, being the low-cost producer is difficult if the firm’s fixed assets are chronically underutilized. This type of firm therefore will spend a

Question 1. The source method of tax collection generally involves the primary right of a country a business is using as its main location of trading to tax this business according to its income. This is a general international state practice, which is also anchored in double taxation agreements. The source system means that income is taxed in the country where the income originates, regardless of factors such as physical or legal residence of the person or entity receiving the income. The source